Binance, RedotPay Clash Over Singapore Lawsuit in $473M Fight

RedotPay called the allegations “unfounded” and said it would defend the claims through the legal process.

The commercial relationship between the two sides predates the dispute. RedotPay announced its Binance Pay integration in December 2023, letting users deposit directly to RedotPay cards. Binance ended support for the integration on April 3, 2026, citing a merchant partner review. The legal fight became public months later.

The Aug. 7 hearing in Singapore will determine whether Binance proceeds with its claims there. If RedotPay's expectation holds, the company would seek costs from Binance, potentially adding a financial penalty on top of the Hong Kong damages fight. If Binance's position prevails, the Singapore proceedings continue, keeping the legal pressure on RedotPay across two jurisdictions.

The outcome also matters for the broader stablecoin card market. RedotPay operates as a payments issuer in a space where partnerships with major exchanges like Binance are critical for user acquisition. A drawn-out legal battle could deter other exchange partners or complicate RedotPay's regulatory standing. For Binance, abandoning the Singapore case would remove a legal front but might weaken its negotiating position in the Hong Kong suit.

The Singapore hearing is scheduled for Aug. 7.