The Monad Foundation, the developer of the Layer 1 public chain Monad, announced the acquisition of Portal Labs, a stablecoin infrastructure developer, with the aim of introducing a complete payment solution for Monad and integrating its blockchain technology into Portal's multi chain strategy. After the transaction is completed, Raj Parekh, co-founder and CEO of Portal, will serve as the head of payments and stablecoins at Monad Foundation, and Portal will operate as a subsidiary. （The Block） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45315