PANews July 9 news, according to Blockworks, the Monad Foundation has acquired the stablecoin infrastructure provider Portal. Portal will continue to operate as an independent entity and provide services to customers with the help of Monad's technology. Portal founder Raj Parekh will join the Monad Foundation as the head of payments and stablecoins. The Monad team stated that this acquisition aims to promote on-chain economic growth and plans to achieve collaborative development in areas such as cross-chain bridges and stablecoin wallets through cooperation between the two parties. The Monad mainnet is about to go live, aiming to become the preferred blockchain for stablecoin transactions.
