Card review

RedotPay Review

The largest stablecoin card program, built for reach and high limits in markets where dollar access is hard. It is a utility card rather than a rewards card: no cashback on the standard plan, and a fee on most purchases. Not available to U.S. residents.

Last reviewed October 2026 · Best for reach and high limits outside the U.S.

How RedotPay works

You deposit USDT or USDC (or other supported crypto) into the RedotPay app, then spend with a USD or HKD Visa card. RedotPay converts your balance at checkout, and its fee schedule lists a 1% crypto conversion fee plus 1.2% when you pay in a currency other than your card's.

The company is based in Hong Kong and holds funds custodially. The app bundles transfers, swaps, a P2P marketplace and a credit product around the card.

RedotPay is preparing a confidential U.S. IPO filing, according to Bloomberg in October 2026, with a pre-IPO round that could value it at $4 billion to $5 billion.

Who it is for

Good fit

  • Users in emerging markets outside the U.S. and EU
  • High spenders who need large limits
  • People who mainly hold USDT

Look elsewhere if

  • U.S. residents (not eligible)
  • Anyone chasing cashback
  • EU users wanting MiCA-regulated providers

Pros and cons

  • Largest program by volume, with years of operating history
  • Very high limits, up to $100,000 per transaction
  • Funds from USDT or USDC across many chains
  • Not available to U.S. residents and several other markets
  • No cashback without a paid subscription
  • Custodial, and no EU MiCA authorization
FAQ

RedotPay, answered

Is RedotPay available in the U.S.?

No. RedotPay lists the United States among regions where it does not issue cards, along with countries including India, Indonesia, Turkey, Singapore, Ukraine, Russia and mainland China.

What are RedotPay's fees?

Per RedotPay's help center (July 2026): $10 for a virtual card, $100 for a physical card, 1% crypto conversion, 1.2% for transactions in another currency, and 2% on ATM withdrawals (3% above $10,000 per month on USD cards).

Does RedotPay offer cashback?

Not on the standard plan. The paid Pro plan adds capped rewards on eligible mobile wallet payments.

Is RedotPay going public?

Bloomberg reported in October 2026 that RedotPay is preparing to file confidentially for a U.S. IPO by year-end, alongside a pre-IPO round valuing it at $4 billion to $5 billion.

Compare with other cards

See every option side by side in our ranking of the best stablecoin cards, or learn how stablecoin yield and the GENIUS Act affect what cards can offer.

Sources: RedotPay card issuance fees · RedotPay transaction and ATM fees · RedotPay card issuance restrictions. Fees and rewards change often; confirm on the issuer's site before applying. Not financial advice.

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