According to Wu Blockchain, citing Bloomberg sources, Hong Kong-based stablecoin payment company RedotPay has postponed its U.S. IPO plans. The company is currently addressing legal issues and seeking regulatory approval in the countries where it operates. The IPO timeline, originally planned for later this year, may be pushed back to 2027 or beyond. Previously, Bloomberg reported that a Binance-affiliated company filed a lawsuit in Hong Kong against RedotPay's founding team, accusing them of breaching business agreements. The allegations include redirecting over 470,000 Binance Card users to their own platform by allowing Binance Pay funds to be used for RedotPay card top-ups. Binance is seeking approximately $472.8 million in damages. RedotPay has denied the allegations and stated that it will actively defend itself through legal proceedings. https://(wublock123.com)/news/redotpay-hong-kong-stablecoin-payments-delay-us-ipo-66524