RedotPay Completes Audit, Presses US IPO

Hong Kong stablecoin payments firm RedotPay completed a financial audit and a separate AML/CTF review by unnamed Big Four firms, required steps toward a US IPO. It disputes an August report that legal and regulatory issues delayed listing to 2027 or later, saying no deferral occurred. RedotPay targets a valuation above $5 billion and had 8.5 million users as of July.