Monad Foundation has acquired stablecoin infrastructure provider Portal in a deal that deepens the Layer-1 blockchain developer’s push into on-chain payments. Financial terms were not disclosed. Portal’s technology enables businesses, banks and other institutions to accept and settle stablecoin payments, currently processing millions of dollars each day. The company will continue to operate independently but will integrate more closely with Monad’s stack. Portal founder Raj Parekh will become Head of Payments and Stablecoins at Monad, while Monad co-founder Keone Hon said the team has "been thinking about how to grow the on-chain economy for some time." Hon added that the mainnet launch for the Ethereum-compatible network is planned "very soon." The transaction underscores accelerating merger activity across crypto infrastructure as firms race to capture rising demand for stablecoin-based payments and expand user-friendly tooling for developers.