Monad Foundation Acquires Stablecoin Infrastructure Project Portal

The Monad Foundation has announced the acquisition of stablecoin infrastructure project Portal, with the specific acquisition amount not yet disclosed. Portal founder Raj Parekh will become the Head of Payments and Stablecoins at the Monad Foundation, but Portal will continue to operate as an independent entity and use the Monad architecture to provide services to customers. [Foresight News]