Hong Kong stablecoin payments firm RedotPay is weighing a confidential US IPO filing by year end, according to Bloomberg reporting cited across X and Telegram on Oct. 27.

Hong Kong stablecoin payments firm RedotPay is weighing a confidential US IPO filing by year end, according to Bloomberg reporting cited across X and Telegram on Oct. 27.

It is also reported to be in talks with investors for a pre-IPO funding round at a $4B to $5B valuation, per the same Bloomberg via crypto.news account and MarketTwits.

RedotPay itself has not confirmed the plan in its recent X posts, which only mention sponsorship, products and 9M users.