Never thought M&A would be in the cards, but they also say to Never say never.   @monad_xyz's acquisition of @portal_hq is an illustration of finding shared vision... and not just through the shared vision of global enablement of stablecoin adoption! Throughout many conversations with the Portal team, I'd been continually struck by their thoughtful leadership and approach to building a strong team, culture, and missional drive that complemented that of Monad Foundation. I'm incredibly excited to welcome @rajparekh_ as Head of Payments and Stablecoins to the Monad Foundation team, where his leadership will be instrumental in shaping the growth of the Monad ecosystem! Nellie and @HarryAlford3 have also joined Monad Foundation as part of the global Business Development team. Lastly, I welcome @ParsaAttari, @rami__shahatit, David, and Kelson to the wider Monad Foundation family as they continue to lead the efforts at Portal.  Portal will continue to operate independently as a stablecoin infrastructure provider powering millions of dollars of daily stablecoin settlement that enables web2 companies to deploy stablecoin infrastructure to any app. The combination of Monad's high-throughput onchain tech and Portal's powerful payments SDKs means more access and better enablement of stablecoins worldwide.  If you're interested in stablecoins whether it be on Monad or in general, pls reach out! More to come. 💜

Congrats @rajparekh_! Amazing move from @monad_xyz and win for the Visa Crypto founder mafia

UNPACKING THE @portal_hq ACQUISITION TOMORROW LIVE AT 10 AM EST ON @pipeline_xyz WITH @rajparekh_ & @keoneHD

Putting electricity in every house brought society into the modern era. Putting stablecoins into every company will have a similarly massive impact. Today, I am excited to announce that the Monad Foundation has acquired @portal_hq, a leading stablecoin infrastructure provider. Portal powers millions of dollars of daily stablecoin settlement through its powerful SDKs that make it super easy for web2 companies to add stablecoins to any app. Portal's tools are an incredible accelerant for crypto adoption. We’re excited that they will be doubling down on their mission to put stablecoin capabilities into every company and every app. I am also pleased to welcome @rajparekh_, cofounder/CEO of Portal, to the Foundation as Head of Payments and Stablecoins. Prior to founding Portal, Raj was a founding member of Visa’s global crypto product. He’s been working to grow the adoption of crypto for payments since 2017, and brings exceptional expertise and pragmatism to our team. The combination of Monad and Portal will have a huge impact on accelerating stablecoin adoption. Just as the electric dynamo put electricity in every house, we’ll look to put stablecoins in every business. Here is why Monad and Portal are an awesome match: Stablecoins are poised to transform the global economy: - They make money borderless, breaking down barriers and creating opportunities for workers in developing economies. - They allow businesses to tap into global lending markets and talent pools. - In developing nations, they give the underbanked access to better tools and more stable currencies. - Even for big companies, they offer an array of benefits, including rapid settlement and powerful treasury management tools. Stablecoins will be so transformative in the next few years, but they need technology to fuel their growth. Specifically, they need: - super high processing power and super low fees - the network effects of full EVM compatibility - powerful SDKs that make it easy for non-crypto-native businesses to onboard - and most of all, they need true decentralization – because a borderless economy and a borderless asset ledger won’t run on a centralized server. The combination of Monad and Portal offers a solution to this exact set of needs. Portal represents the missing piece for Monad. Technology; decentralization; community; killer builders; now payments and stablecoins. All in one.

Building towards a stablecoin future with @portal_hq 🌎

Super excited to announce that Portal has been acquired by the Monad Foundation! This represents a massive step for Portal and for stablecoin payments around the world.

Congratulations to @chrismaddern @ckorhonen @zjbrenner and the rest of the Rally team! It’s been such a blast building with you all for the last few years!

Cloudflare experiment around "pay per crawl" will be interesting to follow. The flippening of the ad model to now giving the website owner the "authorize" a bot crawl their site for free, fee, or block will be an important shift in how web traffic flows.

I don't know if I'm the only one, but I cringe every time I see the word "Stablecoin Sandwich."

Stablecoin are here to stay, but there's still lots to unpack on the "how" it changes the financial landscape. Josh and I had blast co-writing a short piece on how Stablecoins work in practice. Checkout the link below 👇