<ul data-eligibleForWebStory="false"><li>Monad Foundation has acquired Portal Labs, the team behind Portal, an embedded stablecoin wallet infrastructure platform, to bring a full-stack payments solution to the Monad blockchain network.</li><li>Portal CEO and Co-Founder Raj Parekh will join the Monad Foundation as Head of Payments and Stablecoins to drive stablecoin ecosystem adoption.</li><li>Portal will continue to operate independently as a subsidiary of the Monad Foundation, leveraging the high-throughput Monad blockchain to accelerate stablecoin payments development.</li><li>The acquisition aims to grow the market for onchain payments and stablecoin issuance by combining Monad's scalability with Portal's stablecoin settlement capabilities.</li></ul>

Monad Foundation Acquires Portal to Accelerate Stablecoin and Payments Strategy

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