Crypto firms are taking different paths to the public markets: stablecoin payments company RedotPay is pressing ahead with U.S. IPO preparations, having recently completed a financial audit. Others are waiting, with Kraken parent Payward pushing its listing back to the second quarter of 2027 at the earliest, CoinDesk reported.
OpenPayd has integrated with Circle Payments Network for cross-border payments and joined Fireblocks’ payments network, where other participants can access its fiat infrastructure.
The company is a “global infrastructure platform for modern money movement,” Dimitrova said, and “there is no public market competitor that has the same combination of fiat and stablecoin capabilities that OpenPayd can deliver today.”
The listing would help fund U.S. expansion, with OpenPayd aiming to launch services for customers there by April 2027, she added.
U.S. launch takes shape
The company took a step toward that launch last month by bringing MSB USA Inc. and its 43 state money transmitter licenses under the OpenPayd group.
OpenPayd provides businesses with access to accounts, foreign exchange and domestic and international payments, alongside infrastructure for moving between traditional currencies and stablecoins. It counts crypto exchange Kraken, market maker B2C2 and trading platform OKX among the companies using its payments infrastructure
The firm reported $73 million in revenue for the year ended April 30, 2026, up from $57 million a year earlier, according to an investor presentation. The company reported $13 million in EBITDA and a $2.8 million net loss for the latest year.
