Hong Kong-based stablecoin payments firm RedotPay has completed an independent audit by a Big Four firm and carried out comprehensive anti-money laundering reviews, signalling ongoing US IPO ambitions despite earlier uncertainties. The company highlights its user base and innovative payment products as it navigates market conditions.
RedotPay has said it completed an independent financial audit by a Big Four accounting firm as it continues preparing for a possible US initial public offering, a step that suggests the Hong Kong-based stablecoin payments company is still moving towards the public markets despite earlier reports that its listing plans had stalled. The company said the audit resulted in an unqualified opinion and that its financial statements were fairly presented under US GAAP, the accounting standard used by many US-listed companies.
The company also said it has finished a separate review of its anti-money laundering and counter-terrorist financing controls, adding another layer of compliance work to the IPO process. In a statement, RedotPay said the checks covered governance, customer due diligence, transaction monitoring, quality assurance and internal controls across its Hong Kong operations, areas that are likely to remain closely watched as digital-asset firms seek access to US capital markets.
RedotPay has not announced a listing date, and completion of the audit does not guarantee that an IPO will go ahead. Still, the company is presenting itself as a business with real operating scale behind the market ambitions: it said it had 8.5 million users as of July and offers stablecoin wallets, linked Visa cards and cross-border transfer services. It has also expanded into products including an RLUSD card built around XRP Ledger, widening its stablecoin-linked payments offering.
The timing matters because crypto and stablecoin companies have been edging closer to mainstream listings even as broader market performance has remained uneven. For RedotPay, the challenge now is to convert its audit progress, compliance work and user growth into a convincing case for investors, while also navigating market conditions that could still shape the size, timing or even the viability of any eventual US flotation.
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