RedotPay, a Hong Kong-based crypto payments startup, has reached unicorn status after securing a $47 million funding round led by Coinbase Ventures, Galaxy Ventures, and Vertex Ventures. This latest investment boosts RedotPay’s valuation to over $1 billion, a remarkable achievement for a company founded just two years ago.

RedotPay has gained recognition for its innovative approach to global payments, leveraging stablecoins—digital currencies designed to maintain a stable value—to facilitate fast, low-cost cross-border transactions, especially in emerging markets. The startup’s hybrid model integrates the efficiency of blockchain technology with the broad reach of traditional financial networks, allowing it to carve out a unique position in an increasingly competitive industry that includes established fintech giants like PayPal and Stripe.

The stablecoin sector itself has surged in 2025, with total market capitalization exceeding $240 billion and transaction volumes reaching $8.9 trillion in the first half of the year. RedotPay’s strong performance is reflected in its annualized payment volume of $10 billion and a user base of more than five million active accounts. The company’s rapid growth—reportedly 300% year-over-year in regions such as Latin America—underscores growing demand for efficient, borderless payment solutions.

Regulatory advances, such as the U.S. GENIUS Act and Europe’s MiCA framework, have further fueled institutional adoption of stablecoin payments, providing a more reliable environment for startups like RedotPay to flourish. With its focus on emerging markets and a respected lineup of international investors, RedotPay appears to be at the forefront of a new wave in global finance, building infrastructure that bridges traditional and digital payment ecosystems.

As the digital payments industry continues to expand and the market projects toward even greater transaction volumes, RedotPay’s rise signals a broader transformation—one where blockchain-powered solutions are becoming central to the future of money and finance.