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 will continue to operate as an independent entity, but will leverage Monad's technology to provide services to customers. Portal founder Raj Parekh will transition to the role of Head of Payments and Stablecoins at the Monad Foundation. (Blockworks) [Odaily Planet Daily]