Hong Kong-based stablecoin payments company RedotPay is considering an IPO in the US that could raise over $1 billion and value it at over $4 billion. The company is working with JPMorgan Chase, Goldman Sachs, and Jefferies to list on the New York Stock Exchange this year. According to Bloomberg citing sources close to the matter, terms are still under review and additional banks may join. Established in April 2023, RedotPay offers stablecoin-linked payment cards, multi-currency wallets, and international payment services; it has 6 million users and processes $10 billion in annual payment volume. The company did not comment on the matter.
Stablecoin market cap rises above $300 billion. Source: DefiLlama
RedotPay raised a total of $194 million in three rounds in 2025:
- Lightspeed-led $40 million Series A
- $47 million strategic round including Coinbase Ventures
- Goodwater Capital-led $107 million Series B
The stablecoin sector is attracting intense interest; M0 raised $40 million, Rain $58 million. Market cap has exceeded $300 billion. This growth is also affecting projects like ALT detailed analysis.
Critical Support and Resistance Levels for ALT
ALT price at $0.01 level, 24-hour change -%2.04. RSI 30.08 (Oversold), trend is down, Supertrend giving bearish signal. EMA 20: $0.0085.
- Supports: S1 $0.0069 (Score: 76/100 ⭐ Strong, -%4.17 distance)
- S2 $0.0039 (Score: 50/100 Medium, -%45.83 distance)
- Resistances: R1 $0.0137 (Score: 63/100 ⭐ Strong, +%90.28 distance)
- R2 $0.0074 (Score: 60/100 ⭐ Strong, +%2.78 distance)
The stablecoin boom could create opportunities for ALT futures. Check ALT spot analysis for detailed charts.
Why ALT Fell and the Stablecoin Effect
Although ALT is in a downtrend, developments like RedotPay can strengthen the stablecoin ecosystem and support ALT. RSI at low levels is giving a recovery signal.
Frequently Asked Questions About ALT
Will RedotPay’s IPO affect ALT’s price?
Yes, increased stablecoin volume brings liquidity to projects like ALT.
How strong is ALT’s support level?
S1 $0.0069 is strong support, based on fibo and Donchian.
Is there a buying opportunity for ALT?
Yes with RSI 30, monitor resistance R1 $0.0137.
Source: https://en.coinotag.com/redotpay-plans-4-billion-ipo-alt-analysis
