US EditionMonad Foundation Acquires Portal Labs to Supercharge Stablecoin Payments - The Cryptocurrency Post
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Monad Foundation Acquires Portal Labs to Supercharge Stablecoin Payments - The Cryptocurrency Post
TL;DR Monad acquires Portal Labs’ wallet SDK and API suite, embedding production-grade stablecoin rails into its high-speed Layer-1 for instant on-chain dollar settlements. Portal Labs operates as an independent subsidiary under Parsa Attari, David Scrobonia, and Rami Shahatit, with Raj Parekh transitioning to lead payments and stablecoins at Monad. Combined infrastructure, 10,000+ TPS, 2 billion+ transactions processed, and 300 million address…
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