Yesterday, Monad announced the acquisition of Portal Labs. @monad_xyz, as the hottest L1 public chain in the past two years, the data from the testnet alone can rival the total of most new chains. This year, the narrative around public chains has somewhat cooled, with stablecoins becoming the favored track for capital. Before the mainnet launch, Monad is entering the stablecoin payment space, where the essential need is performance, which happens to be a technical characteristic of Monad. Whether it's C-end cross-border remittances or B-end enterprise settlements, the core is "stability + speed + scalability," but the expensive gas fees and delays of the Ethereum mainnet have prevented stablecoin payments from taking off. @portal_hq provides stablecoin wallets, settlement APIs, and multi-chain embedded payment tools, currently supporting over 100 chains and processing millions of dollars in stablecoin transactions daily. On one side is the explosive demand for payments, and on the other is the technical limits of execution. The fusion innovation of Monad + Portal turns the "performance imagination" of chain-level payments into a reality of financial flow infrastructure.
Monad Foundation has acquired @portal_hq Portal’s stablecoin infrastructure platform allows any business, bank, or financial institution to accept stablecoin payments - currently powering millions of dollars in daily settlements. Read more on the acquisition below ⤵️
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