Monad Foundation Acquires Stablecoin Infrastructure Project Portal

Odaily Planet Daily reported that the Monad Foundation has announced the acquisition of the stablecoin infrastructure project Portal, though the specific acquisition amount has not been disclosed. Portal will continue to operate as an independent entity but will leverage Monad’s technology to serve its clients. Portal founder Raj Parekh will transition to become the Head of Payments and Stablecoins at the Monad Foundation. (Blockworks)