Monad Acquires Portal Labs to Expand Stablecoin Payments

In a strategic move to enhance its payment solutions, Monad Foundation has acquired Portal Labs, the stablecoin wallet infrastructure startup. This acquisition aims to bolster Monad’s offerings as it prepares for its upcoming mainnet launch.

The acquisition, which was announced recently, establishes Portal as a wholly owned subsidiary of the Monad Foundation. Portal’s expertise lies in providing embedded stablecoin payment tools tailored for developers and businesses. This positions Monad advantageously as it gains access to Portal’s robust payment rails and stablecoin settlement infrastructure, responsible for handling millions in daily onchain volume.

Raj Parekh, the chief executive officer and co-founder of Portal, will join the Monad Foundation team as the head of payments and stablecoins. Parekh comes with a rich background, having previously directed Visa’s global crypto product strategy, and brings a wealth of experience from both traditional and decentralized finance sectors.

“Portal was built to lower the barrier for anyone to move money onchain. The complementary visions of Portal and the Monad Foundation will scale that mission faster.” – Raj Parekh

Portal’s other co-founders, Parsa Attari, David Scrobonia, and Rami Shahatit, will continue to drive Portal independently, while also contributing their insights to Monad’s broader mission of developing a high-speed, enterprise-grade blockchain tailored for stablecoin payments.

Currently, Monad is in its testnet phase. It has already achieved significant milestones by processing over 2 billion transactions. The testnet demonstrates an impressive throughput of 10,000 transactions per second with block finality under one second. Designed to be Ethereum-compatible, the blockchain leverages a combination of parallel execution and proprietary infrastructure to support extensive applications. Monad anticipates a mainnet launch to transpire later this quarter.

The acquisition of Portal aligns seamlessly with Monad’s strategic vision of establishing payments as a primary use case. As Monad co-founder Keone Hon stated, “Payments are a killer use case for blockchains.” Hon added that Portal’s production-grade stablecoin rails will furnish enterprises and developers with ready-to-use solutions to integrate stablecoin payments into their platforms and applications.

This expansionary step builds upon previous initiatives undertaken by Monad, such as its collaboration with Chainlink Scale in April 2025, which augmented access to low-latency data feeds for decentralized finance innovators. Now, with Portal under its wing, Monad eyes direct competition in the swiftly evolving stablecoin infrastructure sector, aiming at both Web2 fintech companies and Web3-native platforms.

The integration of Portal is expected to drive innovation and efficiency, providing Monad with the necessary tools to thrive in the stablecoin payment ecosystem. As the landscape of digital payments continues to evolve, Monad’s strategic acquisitions and partnerships position it to be at the forefront of this dynamic field.