Zerohash, a crypto infrastructure company that recently reached a $1 billion valuation, has added support for the Monad blockchain and USDC on Monad, aiming to expand stablecoin payments on the Layer 1 network.
The integration means zerohash’s clients, including prediction markets platform Kalshi, HR management platform Gusto, and trading platform Public, can build and launch stablecoin-based payment flows without running blockchain infrastructure or securing their own regulatory licenses, the company said Wednesday. The setup is designed to support use cases such as real-time account funding, cross-border payments, business-to-business settlement, and onchain commerce.
Monad is one of many blockchains zerohash already supports, and USDC on Monad joins a broader set of supported stablecoins. Asked what makes the integration notable, Raj Parekh, head of stablecoins and payments at the Monad Foundation, said Monad is “fast and dependable” and could help scale stablecoin payments and daily usage with “near-instant finality.”
Ethereum and its broader ecosystem currently account for the largest share of stablecoin activity on zerohash, Mark Daly, chief business officer at zerohash, told The Block. “That said, we’re seeing growing activity across other Layer 1s and Layer 2s as stablecoins expand into payments and settlement use cases,” Daly added.
Asked whether zerohash expects users to conduct more stablecoin transactions on Monad than on other blockchains, Daly said usage typically follows performance, liquidity, cost, and ecosystem growth. He added that Monad’s technical profile could support faster and more cost-efficient stablecoin transactions at scale. Daly also said the company plans to support additional stablecoins on Monad as they become available.
Founded in 2017, zerohash employs about 200 people globally, with offices in New York, Chicago, North Carolina, and Amsterdam. Last September, the company raised a $104 million Series D-2 round led by Interactive Brokers, with participation from Morgan Stanley, SoFi, Apollo-managed funds, Jump Crypto, and Northwestern Mutual Future Ventures, bringing total funding to $275 million and pushing its valuation to $1 billion. A report last month said zerohash is in talks to raise another $250 million at a $1.5 billion valuation after the company pulled out of acquisition talks with Mastercard, though the payments giant is reportedly still considering a strategic investment in zerohash.
© 2026 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.
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