Monad Buys Portal Labs to Expand $100 billion Stablecoin Payments Flow

- Acquisition integrates Portal Labs’ stablecoin infrastructure into Monad’s ecosystem. - Move aims to accelerate scalable blockchain payment tools for businesses. On July 9, 2025, the Monad Foundation announced its acquisition of Portal Labs, a leading developer of stablecoin infrastructure. This strategic move integrates a full-stack payment solution into the Monad ecosystem, enabling seamless stablecoin transactions for businesses in both web2 and web3 industries. According to Business Wire on July 9, Portal Labs will operate as an independent, wholly-owned subsidiary of the Monad Foundation. In a leadership update, Portal Labs’ CEO and co-founder, Raj Parekh, will become Monad's Head of Payments and Stablecoins. As a former Director of Visa’s Global Crypto Product, Parekh will now oversee payment innovations, while the rest of the Portal Labs founding team will continue to manage the subsidiary's operations. This acquisition combines Monad’s high-throughput blockchain, which is designed to support large-scale applications, with Portal Labs’ expertise in stablecoin payment systems. As a result, the collaboration will fast-track the development of new tools, empowering developers, financial institutions, and fintech companies to create and deploy stablecoin-powered solutions. The move underscores the growing momentum for stablecoins as a blockchain-based payment method. As adoption rises among major tech companies, financial institutions, and retail giants, the stablecoin sector has become a hotbed for mergers and acquisitions. While the companies did not disclose financial terms, the partnership will significantly enhance Monad’s ecosystem and advance key projects like bridges and stablecoin wallets. On July 9, Business Wire reported key cryptocurrency prices, with Bitcoin (BTC) trading at $109,294.23 (+0.43%), Ethereum (ETH) at $2,666.10 (+1.88%), and Solana (SOL) at $154.67 (+2.25%). These market updates highlight the expanding ecosystem where Monad and Portal Labs aim to play a transformative role.