RedotPay: Management changes are due to organizational optimization; the company has ample cash flow and no urgent financing needs.

Hong Kong-based stablecoin payment company RedotPay responded to recent rumors of executive departures and fundraising, stating that the company is in a transitional phase from an early-stage startup to a unicorn enterprise. The team adjustments are aimed at optimizing the organizational structure to support continued growth and are not, as some have suggested, personnel turmoil. Previously, reports indicated that at least five senior employees, including two compliance officers, left RedotPay within a year while it was exploring fundraising of up to $150 million. RedotPay did not directly address these reports but confirmed that all co-founders, including CEO Michael Gao, remain with the company. Regarding fundraising, RedotPay stated that it currently has ample operating cash flow and no urgent need for funding, but remains open to external investors. The company completed three rounds of financing in 2025, raising a total of $194 million, with investors including Lightspeed, Coinbase Ventures, Pantera Capital, Blockchain Capital, and Circle Ventures. (Cointelegraph)