Redotpay

RedotPay says it has completed a financial audit required for a U.S. listing, alongside a separate review of its anti-money-laundering and counter-terrorist-financing controls. The Hong Kong-based stablecoin payments company says its IPO has not been deferred, even as other crypto firms have pushed back listing ambitions.

A U.S. Department of Justice asset forfeiture filing includes a letter from Al-Qassam Brigades advising potential donors not to use Binance for transfers. The document points to rival crypto platforms, USDT and the TRC-20 network, while major firms stress compliance controls and monitoring.

Tracked crypto card spending more than tripled over the past year, with dollar-backed stablecoins funding most recorded transactions. USDC and USDT are increasingly being used for groceries, ride-hailing, food delivery and subscriptions rather than only large crypto off-ramps.

Binance has sued Hong Kong-based RedotPay and its founders, alleging the stablecoin payments company diverted about 470,000 users and caused nearly $473 million in losses. RedotPay has rejected the claims as unfounded and says it will defend itself vigorously.