Monad completed the acquisition of Portal Labs.

Monad, a US-based technology company, completed the acquisition of Portal Labs, an embedded stablecoin wallet infrastructure platform. Financial terms were not disclosed. "Payments are a killer use case for blockchains and present an exciting unlock for widespread crypto adoption. Portal’s production-grade stablecoin rails will provide enterprises and developers with plug-and-play solutions to incorporate stablecoin payments into their platforms and apps," Keone Hon, Monad Co-Founder and GM.