Hong Kong stablecoin payment company RedotPay has responded to recent rumors about executive departures and fundraising, stating that the company is in a transitional phase from early-stage startup to unicorn enterprise, with relevant team adjustments aimed at optimizing organizational structure to support sustained growth. Previously, Bloomberg reported that during RedotPay's exploration of fundraising up to $150 million, at least 5 senior employees departed within a year, including 2 compliance officers. RedotPay confirmed that all co-founders, including CEO Michael Gao, remain employed and fulfilling their duties. Regarding fundraising, RedotPay stated that current operating cash flow is abundant with no urgent financing needs, but remains open to external investors. The company has completed three rounds of fundraising in 2025, accumulating $194 million in total funding, with investors including Coinbase Ventures, Circle Ventures and other institutions. (Cointelegraph)