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Nope.
Ladyboy is Kathoey. It’s a Thai English word for a 3rd gender group.
My understanding of the word comes from how I’ve seen it used in American culture. I’m not enough of an etymologist or a sociologist to accurately claim where the term itself was first created or how prevalent its various uses are and will gladly defer to others with more expertise. Thank you for sharing the wiki article for those who are unaware of genders outside the binary in different cultures 💜
That is the true etymology and meaning among people who know, but it is now used as an anti-trans slur by the American Right, who do not know its origin.