RedotPay, a global stablecoin-based payment fintech, has closed a $47 million strategic investment. The round saw new participation from Coinbase Ventures and a global technology entrepreneur, with increased commitments from Galaxy Ventures and Vertex Ventures. “Having Coinbase Ventures join us, along with the continued support from Galaxy Ventures and Vertex Ventures, validates the progress we’ve made and the confidence investors have in our vision. We’re proud to support them as part of our common goal to bring billions of users on-chain,” said Hoolie Tejwani, head of Coinbase Ventures. RedotPay will continue to expand its global payment corridors in partnership with banks, payment networks and other ecosystem participants.