Monad Foundation Acquires Portal, Accelerating Payments on Monad

The Monad Foundation has acquired Portal - a major stablecoin infrastructure provider in order to accelerate adoption of crypto payments and integrate a full-stack solution into Monad’s high-performance Layer 1 blockchain. This move positions Monad to play a key role in transforming global payments using stablecoins.

Strategic Impact

The joint entity combines Portal’s developer-friendly tools with Monad’s 10K+ TPS blockchain, which enables rapid integration of stablecoin payments at scale.
Raj Parekh (ex-Visa crypto lead) joins as Head of Payments and Stablecoins to spearhead adoption efforts across Web2 and Web3 sectors.

Developers could take advantage of the fast, efficient on-chain transactions using parallel and asynchronous execution, which is perfect for B2B payment flows and treasury management tools.