Monad Foundation, the independent organization overseeing the development of the Layer 1 blockchain network Monad, will acquire the stablecoin infrastructure developer Portal Labs.
The move brings a full-stack payment solution to Monad in addition to integrating Monad’s blockchain tech into Portal’s multi-chain strategy, according to a Wednesday release. Following the acquisition, Portal co-founder and CEO Raj Parekh will also join the Monad Foundation as Head of Payments and Stablecoins. Portal will operate under the Monad Foundation as a subsidiary.
Portal Labs builds out infrastructure, such as software development kits and APIs, enabling developers to more easily implement stablecoin payment infrastructure into their products. Portal supports over 100 blockchains, including Solana, Bitcoin, Ethereum, and networks compatible with the Ethereum Virtual Machine, according to the platform’s website.
“Portal was built to lower the barrier for anyone to move money onchain. The complementary visions of Portal and the Monad Foundation will scale that mission faster,” Parekh said in the release.
The Monad Foundation’s acquisition of Portal Labs follows other notable stablecoin M&A moves, such as crypto payment firm MoonPay acquiring Iron for at least $100 million in March and Stripe buying the stablecoin platform Bridge for around $1.1 billion in October 2024. Stablecoin interest rose more broadly in 2025, with Big Tech firms, high-profile banks, and retail giants alike eyeing their use cases.
“Payments are a killer use case for blockchains and present an exciting unlock for widespread crypto adoption,” said Monad Foundation co-founder and general manager Keone Hon in a statement. “Portal’s production-grade stablecoin rails will provide enterprises and developers with plug-and-play solutions to incorporate stablecoin payments into their platforms and apps.”
The Block reached out to Monad Labs for additional comment.
Monad claims to be 1,000 times faster than Ethereum by using both parallel and asynchronous execution. The Layer 1 network’s testnet launched in February, with its mainnet expected to go live later in 2025, The Block previously reported.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
