Monad Acquires Portal Labs to Boost Stablecoin Payments on High-Speed Blockchain

Monad Acquires Portal Labs to Enhance Stablecoin Payments on High-Speed Blockchain Following the acquisition, Raj Parekh, co-founder of Portal and former Visa crypto director, will head Monad’s stablecoin strategy. July 9, 2025, 5:54 p. m.

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Brief news summary

Monad has acquired Portal Labs to enhance its stablecoin payment capabilities on a high-speed blockchain. Raj Parekh, co-founder of Portal Labs and former Visa crypto director, will lead Monad’s stablecoin strategy after the acquisition. This move aims to strengthen Monad’s position in the blockchain payment space by leveraging Portal Labs' expertise and technology, enabling faster and more efficient stablecoin transactions. The acquisition marks a strategic step for Monad to expand its services and innovate within the growing blockchain ecosystem. The announcement was made on July 9, 2025.

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