Monad Foundation acquires stablecoin infrastructure project Portal

ChainCatcher news, according to Blockworks, the Monad Foundation has announced the acquisition of the 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 serve its clients. Portal's founder, Raj Parekh, will transition to the role of Head of Payments and Stablecoins at the Monad Foundation.