However, Binance alleges that its users were allowed to top up a RedotPay stablecoin payment card, outside the scope of their agreement. Binance is now alleging that channelling more than 470 000 customers away from Binance Card to RedotPay was a contributing factor to RedotPay’s valuation. “Since March 2026, the Binance Group has discovered that RedotPay Group had been allowing and encouraging Binance Pay funds to be used, without segregation, for the prohibited use within RedotPay, including card top-ups for RedotPay Card,” Binance said in the filing. It specifically mentioned that users could make direct deposits to RedotPay Card from Binance Pay. The company said it currently has $14 billion in annualised payment volumes, $180 million in annualised revenue and more than 8 million users.