Stablecoin payment company RedotPay has successfully raised $47 million in a strategic financing round, elevating its valuation beyond $1 billion and earning it the status of a fintech unicorn. The funding round was led by Coinbase Ventures, with additional backing from Galaxy Ventures and Vertex Ventures, alongside an undisclosed global tech entrepreneur. Since its founding in April 2023, RedotPay has attracted over 5 million users and facilitated $10 billion in payment transactions. RedotPay, headquartered in Hong Kong with branches in Europe and Argentina, offers a stablecoin payment card, a multi-currency wallet, and global payment services. Its global payment service, launched in June, has expanded into regions like Latin America, allowing direct cryptocurrency transfers to local bank accounts or e-wallets. The company plans to enhance its global business channels and strengthen partnerships with banks and payment networks, focusing on licensing and compliance. Previously, RedotPay raised $40 million in a Series A round in March, led by Lightspeed.