RedotPay Announces Idaho, Nebraska Lending Licenses as Outstanding Crypto-Collateralized Lending Falls

RedotPay’s U.S. affiliate announced state lending approvals in Idaho and Nebraska as outstanding crypto-collateralized lending declined to $56.16 billion in the second quarter of 2026.

Red Dot Lending (US), LLC received an Idaho Regulated Lender License and a Nebraska Installment Loan Company License, RedotPay announced Sept. 23. The approvals cover certain lending products in the two states after RedotPay launches its U.S. operations and do not authorize nationwide lending.

More than 20 additional state lending-license applications are pending. The licensed entity is registered under NMLS ID 2818019.

“These licenses are strategically important as we build the regulatory foundation for our future launch in the United States,” RedotPay said.

The state approvals come as outstanding crypto-collateralized lending declined to $56.16 billion in the second quarter of 2026. The balance was down $11.33 billion, or 16.78%, from the previous quarter and 40.13% below the $78.69 billion peak reached in the third quarter of 2025.

The second quarter of 2026 was the first quarter since the fourth quarter of 2022 in which centralized finance, decentralized finance and the crypto-collateralized portion of collateralized-debt-position stablecoins all declined.

The lending figure measures outstanding crypto-collateralized lending rather than new originations or total consumer-credit demand. Outstanding decentralized-finance borrowing stood at $21.94 billion as of July 31, 2026.

RedotPay’s existing model includes credit products that use digital assets as collateral. More than 8.5 million people across 100 countries used its products, and it processed roughly $14 billion in annual payment volume as of Aug. 29, 2026.

RedotPay has not announced a U.S. launch date. The Idaho and Nebraska approvals mark the next step in its state-by-state licensing process, with additional applications still pending.