Stablecoin issuer RedotPay said to put U.S. IPO plan on hold: Bloomberg

Summary

• Stablecoin payments firm RedotPay postponed its planned $1 billion U.S. IPO, which is now unlikely to occur before 2027, as it addresses legal issues.
• The Hong Kong-based company, which recently obtained a U.S. money transmitter license and is preparing a U.S. product launch, declined to comment on its IPO plans.
• RedotPay, which calls itself the world’s largest stablecoin payment card…