{"id":49440,"date":"2025-09-25T09:46:39","date_gmt":"2025-09-25T09:46:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49440"},"modified":"2025-09-25T09:46:39","modified_gmt":"2025-09-25T09:46:39","slug":"stablecoin-startup-redotpay-attains-unicorn-status-with-47m-raise-for-regulatory-push","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49440","title":{"rendered":"Stablecoin Startup RedotPay Attains Unicorn Status With $47M Raise for Regulatory Push"},"content":{"rendered":"<div>\n<p>RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status.<\/p>\n<p>The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday email.<\/p>\n<p>RedotPay aims to blend blockchain speed and efficiency with traditional payment networks. Founded in 2023, the company has more than 5 million users across over 100 markets and processes an annualized $10 billion through stablecoin-powered cards, multicurrency wallets and global payout services. <\/p>\n<p>The new money will accelerate growth, compliance and integration with the broader blockchain ecosystem, CEO Michael Gao said in the emailed announcement.<\/p>\n<p>RedotPay\u2019s Global Payout feature allows users to send stablecoins directly to local bank accounts or e-wallets, an offering that has seen strong adoption in emerging markets like Latin America, the company said. <\/p>\n<p>The company&#8217;s ascension to unicorn status comes at a time when <a href=\"https:\/\/www.coindesk.com\/business\/2025\/08\/07\/ripple-to-buy-stablecoin-payments-firm-rail-for-usd200m-to-boost-rlusd-report\">competition among stablecoin issuers and payment rails is intensifying<\/a>, in part due to <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/07\/17\/genius-act-for-stablecoins-passes-house-on-way-to-be-first-major-u-s-crypto-law\">stablecoin regulations being introduced<\/a> in some of the world&#8217;s foremost jurisdictions. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status. The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49440","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49440"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49440\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}