Hong Kong-based RedotPay has secured $47 million in a strategic investment, elevating the stablecoin payment platform to unicorn status with a valuation exceeding $1 billion. The funding round attracted significant institutional capital, with participants including Coinbase Ventures, Galaxy Digital, and Vertex Ventures.

This investment validates the growing demand for stablecoin-powered payment solutions that bridge traditional fiat and digital currency ecosystems. RedotPay has demonstrated substantial traction in its two years of operation, accumulating over 5 million users in more than 100 markets and processing an annualized payment volume of $10 billion.

The capital injection signals a broader industry trend of institutional investors backing the infrastructure for real-world crypto use cases. By focusing on stablecoins, RedotPay addresses market volatility, a key friction point for mainstream adoption of digital asset payments. This move positions the company to further scale its operations and expand its market presence amid growing competition in the crypto payments sector.