CoinVoice has recently learned that, according to Blockworks, the Monad Foundation announced the acquisition of the stablecoin infrastructure project Portal, with the specific acquisition amount yet to be disclosed.

Portal will continue to operate as an independent entity but will utilize Monad's technology to provide services to customers. Portal's founder, Raj Parekh, will assume the role of head of payments and stablecoins at the Monad Foundation. [Original link]