RedotPay Adds SUI and USDC-Sui, Expanding Low-Cost Payment Rails Into Emerging Markets
RedotPay, the Hong Kong-based crypto payments fintech, has integrated SUI and native USDC on the Sui blockchain into its multi-currency wallet and card product, giving more than 7 million registered users across 100 countries access to Sui-native assets at over 130 million merchants worldwide.
The addition, announced April 21, means RedotPay cardholders can now spend SUI and USDC-Sui directly through physical and virtual cards linked to Apple Pay and Google Pay. The integration also extends RedotPay's "Send Crypto, Receive Local Currency" feature to Sui-native assets, allowing users in supported markets to send stablecoins and have recipients receive local fiat currency instead.
The stablecoin at the center of this integration is native USDC on Sui, a Layer-1 network developed by Mysten Labs, issued directly by Circle through its Cross-Chain Transfer Protocol (CCTP). This is a meaningful technical distinction. Bridged stablecoins, which are wrapped versions of assets moved across chains via third-party bridges, carry counterparty risk at each bridging step. Native USDC on Sui carries no such risk because Circle issues it directly on the network. Circle launched native USDC on Sui in October 2024, making Sui the first Move-language blockchain to support the standard. Sui is among the roughly 30 chains where native USDC is currently available.
"Digital assets are quickly becoming the future of digital commerce," said Jonathan Chan, co-founder and head of partnerships at RedotPay. Adeniyi Abiodun, co-founder and chief product officer at Mysten Labs, the company behind Sui, described the payments vision in simpler terms: "The future of digital payments [is] effectively imagine it as sending a text; you don't think about cost."
The cost and speed profile of Sui supports that framing. The network processes transactions with near-instant finality at sub-cent fees. In January 2026 alone, Sui processed more than $111 billion in stablecoin transfers, according to on-chain data compiled by AInvest. The network's total value locked currently sits at approximately $570 to $583 million, per DefiLlama, down from highs approaching $2 billion during peak DeFi periods. SUI, the network's native token, was trading at roughly $0.92 on April 21, giving it a market capitalization of about $3.93 billion and a ranking of approximately 30th by market cap on CoinGecko. The token previously peaked at $5.35.
For users in South Asia and Africa, the integration has practical implications that go beyond card spending. RedotPay's user base is concentrated in markets including Bangladesh, India, Nigeria, and Egypt, according to web analytics data cited by BitcoinKE. In these regions, research from BitcoinKE and others suggests crypto payment tools are more commonly used for remittances, freelancer payouts, and inflation hedging than for retail commerce. Bangladeshi diaspora workers and Indian freelancers earning in dollars through platforms like Upwork or Fiverr could potentially route payments through RedotPay's payout infrastructure using Sui-native assets, though which specific local-currency corridors are currently supported under the feature has not been confirmed. The native USDC format reduces intermediaries in the settlement chain, which matters on remittance corridors where small fee differences affect real outcomes.
RedotPay has already demonstrated its willingness to build country-specific fiat corridors. In December 2025, the company launched a "Send Crypto, Receive NGN" feature for Nigeria in partnership with Ripple, enabling crypto-to-naira settlements in minutes directly to local bank accounts. No equivalent SUI or USDC-Sui payout corridor for South Asia has been announced yet, but the existing pattern suggests further country-level expansion is possible.
RedotPay is a well-funded operator at this point. The company raised $107 million in an oversubscribed December 2025 Series B led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and HSG. That round followed a $47 million strategic investment in September 2025 that pushed RedotPay to unicorn status. The company processed $2.95 billion in transaction volume during 2025 and, reflecting a sharp acceleration in late 2025 and into 2026, currently runs at an annualized rate exceeding $10 billion in payment volume, with annualized revenue above $150 million. Circle Ventures is both an investor and, through USDC-Sui, a key infrastructure partner, a relationship that aligns RedotPay's stablecoin stack with Circle's standards. The 80 percent global crypto card volume figure cited by some industry sources is derived from web analytics rather than audited data and should be treated cautiously, though the company's scale is independently supported by its funding disclosures and revenue figures.
Looking ahead, institutional momentum around Sui is building in parallel. CME Group is scheduled to launch SUI futures on May 4, 2026, a step that typically signals growing institutional interest in a digital asset and could increase liquidity and price discovery for the token. Sui also launched USDsui in March 2026, a native stablecoin issued via Bridge (acquired by Stripe) and designed to recycle Treasury yield back to the Sui ecosystem, making it functionally distinct from USDC-Sui and adding another instrument to an ecosystem that is clearly positioning itself around payments utility. For RedotPay, the Sui integration adds a faster and cheaper settlement rail to a product already operating at scale. Whether that translates into dedicated local-currency payout corridors for South Asia and more of Africa will be the more consequential test of the partnership's regional reach.