RedotPay recently closed a $107 million Series B funding round, led by Goodwater Capital and supported by firms such as Pantera and Circle Ventures. According to Michael Gao, CEO of the company, this capital comes after a year of exponential growth in which the platform surpassed 6 million registered users across more than 100 countries.
This financing highlights the mass adoption of stablecoins in the real economy, with RedotPay processing an annualized payment volume exceeding $10 billion. The firm’s success lies in its ability to offer predictable cross-border payments and a card linked to digital assets, tripling its transaction volume in markets affected by inflation and limited access to traditional banking.
The next step for RedotPay is to utilize the funds for strategic acquisitions and the expansion of its global licenses. Investors will be watching its ability to scale the model in new regions while complying with local regulations, as the company accelerates the hiring of engineering and compliance talent to consolidate its financial infrastructure.
Source: https://x.com/RedotPay/status/2000928974357024904
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