RedotPay’s CEO: Fees Up To 70% Lower, Card Volumes Breaking Records —And Regulation Is The Reason Why

by
Alisa Davidson

Printed: July 15, 2026 at 5:39 am Up to date: July 15, 2026 at 5:39 am

by Anastasiia O

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July 15, 2026 at 5:39 am

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Most conversations about stablecoin regulation circle the identical anxious questions: who will get licensed, which cash survive MiCA, whether or not the GENIUS Act adjustments the US market’s trajectory.

Michael Gao, CEO and Co-Founding father of RedotPay, is considering at a special altitude. Working a funds platform with over 8 million customers throughout greater than 100 markets — spanning crypto natives in Brazil, remittance senders in Southeast Asia, and inflation-hedgers throughout Africa — he has one thing most individuals on this debate lack: precise knowledge on how stablecoins behave within the wild, throughout regulatory environments, at scale. 

On this dialog, the skilled makes the case that the displacement-versus-coexistence debate is the fallacious body completely, that the market is underestimating regulators’ willingness to seek out frequent floor with trade, and that by 2030 probably the most consequential factor about stablecoins could also be that no one calls them that anymore. What follows is a dialog about all of that — and about what it truly takes to construct for the subsequent billion customers, in actual markets, underneath actual regulatory stress.

MiCA, Hong Kong’s stablecoin ordinance, the GENIUS Act — the previous 18 months have introduced substantial regulatory motion. Which of those has most tangibly modified how stablecoin fee corporations function? What’s the market nonetheless underestimating?

As an alternative of calling out one specific regulatory improvement, I’d level to the broader macro change as an alternative. That is that stablecoins are undeniably being acknowledged, throughout regulatory jurisdictions and a spread of market contributors, as essential infrastructure for the way forward for finance.

Totally different jurisdictions are taking completely different approaches that greatest go well with them from a danger and buyer safety standpoint. All of them are taking some type of trade enter as they develop fit-for-purpose regulatory frameworks. For instance, Hong Kong emphasizes retail investor safety and reserve integrity whereas the GENIUS Act within the US emphasizes federal issuer licensing and strict 1:1 reserve necessities. This takes time, and the trade needs to be affected person.

Our philosophy is to collaborate as a lot as attainable with regulators and be a voice within the trade on behalf of the stablecoin sector. Belief is constructed slowly and collectively. If there’s something the market is underestimating, I’d say it’s the flexibility for market contributors, regulators, and the group to seek out frequent floor the place innovation supplies worth to prospects whereas they’re additionally protected.

MiCA is probably the most detailed stablecoin regulatory framework any funds agency has needed to map itself in opposition to. Operationally, what does it reveal about the place different regulators nonetheless differ?

MiCA locations emphasis on making certain that stablecoins utilized by regulated market contributors meet necessities for reserve integrity, redemption rights, and public disclosure. It’s frequent to see related necessities throughout different regulatory frameworks.

Nevertheless, the variations lie in implementation and the preferences of every regulator. Somewhat than deciphering these as gaps, it’s extra helpful to know that each market brings its personal distinctive circumstances that should be addressed. The identical ideas are being utilized throughout jurisdictions, with stablecoins more and more acknowledged as an integral a part of monetary rails.

There’s a persistent narrative that stablecoins will displace card networks and correspondent banking. Is that the proper framing for 2026, or are stablecoins higher understood as a settlement layer operating alongside present rails?

Somewhat than framing this as stablecoins versus present rails, the extra correct statement is that the 2 are more and more working collectively. Stablecoins perform as a settlement layer, compressing the time and value of shifting worth, whereas card networks and correspondent banking proceed to offer the distribution, belief infrastructure, and shopper protections the ecosystem depends upon. These are complementary, not competing.

Regulatory developments like MiCA reinforce this. When stablecoin issuers function underneath reserve necessities, redemption obligations, and supervisory oversight, they don’t seem to be routing across the monetary system; they’re changing into a extra built-in a part of it. The displacement situation assumes stablecoins keep outdoors that framework. In actuality, they’re being pulled into it. The precise framing isn’t “stablecoins versus the rails” — it’s stablecoins and the rails working collectively.

The EU is already operating a dwell check of issuer-market consolidation — USDT delistings underneath MiCA, Circle positioning USDC because the compliant default. As a funds platform sitting above the issuer layer, how do you learn that dynamic?

We want breadth and variety throughout the trade, and that is simply as vital for stablecoins as effectively. USD stablecoin tasks are proliferating, as are stablecoins tied to native currencies. This can be a good factor. Our job is to not choose winners or to take sides — it’s to go the place the compliant liquidity is. When this impacts customers, we have now a duty to verify adjustments are utilized in an orderly and accountable manner.

Take somebody in an rising market whose financial savings are being eroded by native foreign money inflation. They want dependable, reasonably priced entry to respected, regulated stablecoins as a steady retailer of worth and a option to transfer cash by on a regular basis fee flows. Serving prospects in that state of affairs — by connecting them to compliant liquidity in each digital {dollars} and native currencies — is our mission, and it’s why range within the stablecoin ecosystem issues simply as a lot to us as compliance does.

In a lot of the rising world, greenback stablecoins have turn out to be probably the most efficient dollarization instruments obtainable. What are you seeing on the bottom within the markets you use? How do you count on governments and central banks to reply as that development accelerates?

Stablecoins have turn out to be probably the most sensible methods for folks to carry and transfer {dollars} for on a regular basis wants — defending earnings from inflation, sending remittances with out heavy charges and delays, paying simply the place native banking choices could also be restricted. The explanation it’s largely {dollars} is easy: that’s the place probably the most liquidity and availability at the moment sits.

We count on that because the market evolves, central banks and governments will transfer to stability sovereign pursuits with the monetary flows enabled by blockchain. As extra funds occur on-chain, these guidelines will naturally develop to cowl on-chain exercise as a part of the common monetary system. Some will construct frameworks to accommodate it, others may resist. However the underlying demand isn’t going away.

RedotPay sits throughout card and switch behaviour in over 100 markets. What does that knowledge present about how stablecoin utilization differs throughout markets? Is there a phase that has stunned you?

What stands out to us is that there’s no single “stablecoin person.” The conduct is genuinely completely different market to market. In Brazil, small companies use stablecoins to pay suppliers overseas. In elements of Africa, folks use stablecoins to keep away from foreign money volatility. Amongst abroad employees, stablecoins are a option to ship cash to household extra affordably and rapidly.

Stablecoins are showing in company treasuries, B2B settlement, and institutional flows. The place is institutional demand most important right this moment? Does regulatory readability like MiCA’s transfer the needle on adoption?

Institutional demand is strongest the place stablecoins clearly enhance how cash strikes. Western Union is an efficient instance — they’ve plans to make use of stablecoins on Solana for treasury and settlement.

Regulatory readability in any market strikes the needle on institutional adoption. Each development removes obstacles for establishments to cement partnerships with issuers, construct on-chain merchandise, and develop what they’ll provide native prospects.

That’s precisely the area the place RedotPay Join sits. On the B2B facet, we let retailers and enterprises settle for stablecoin funds from main wallets and settle immediately in native currencies, with charges as much as 70% decrease than conventional card and financial institution rails. In observe, a service provider can take USDC or USDT at checkout and see native foreign money of their books with out touching crypto custody or volatility — plugging straight into the identical on-chain settlement sample that’s driving institutional adoption extra broadly.

If regulatory frameworks globally ship the readability they’re promising and stablecoin funds go mainstream — what does that market seem like by 2030?

By 2030, the largest shift is just what folks count on. Cash shifting immediately, throughout borders, will really feel regular, and a “two-day switch” will really feel as unusual as ready for an internet web page to load over dial-up. You’ll pay in no matter foreign money you occur to carry, and the opposite facet will obtain no matter they like, with all of the foreign money switching and settlement occurring quietly within the background.

The half that’s hardest to elucidate right this moment is that most individuals received’t consider themselves as “utilizing stablecoins” in any respect. Will probably be just like the web or contactless playing cards: early on, you needed to perceive clunky protocols or new card tech, however now you simply click on a hyperlink or faucet to pay. Stablecoins would be the rails, however the on a regular basis expertise will simply be “pay immediately, from wherever” — while not having to know what’s underneath the hood.

What’s the subsequent main milestone for RedotPay, and the way does a extra regulated international surroundings form your enlargement priorities?

We’re proud to have the most important and most various person group in our class, with over 8 million customers from around the globe. We have now a duty to advance monetary inclusion for our customers, a lot of whom depend on us for entry to versatile fee strategies and US greenback publicity.

Stablecoin-powered card volumes are breaking data as a result of we’re reaching the tipping level between product readiness and market demand. Our subsequent part of development can be outlined by investments in our licensing and regulatory roadmap, compliance build-out, and product improvement. A extra regulated surroundings is nice for the crypto trade — it builds belief and expands the quantity of people that can profit from stablecoin funds. We’re very excited to be a part of this future.

Alisa, a devoted journalist on the MPost, makes a speciality of crypto, AI, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.

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