RedotPay US IPO delayed as $473M Binance lawsuit adds pressure

RedotPay has reportedly delayed a planned US initial public offering that could raise more than $1 billion as the Hong Kong stablecoin payments company works through regulatory approvals and legal disputes while preparing to enter the US market. Summary RedotPay has reportedly delayed its US IPO while seeking regulatory approvals and dealing with legal disputes involving Binance. The company secured a US money transmitter license this week and is preparing to launch its products in the country. Binance affiliates are seeking nearly $473 million in damages from RedotPay’s founders in a Hong Kong lawsuit. RedotPay said its Q2 2026 results reached record levels for users, revenue, profit and margins. Bloomberg reported on Aug. 14, citing people familiar with the matter, that RedotPay had pushed back its listing plans as the company seeks regulatory approvals and deals with legal disputes involving Binance. A spokesperson for RedotPay declined to comment on the timing of the IPO when contacted by crypto.news, but said the company had secured a US money transmitter license this week and was preparing to launch its products in the country. “Our strategy continues to focus on global regul...