Monad Foundation Makes Power Move: Snags Stablecoin Giant Portal in Strategic Acquisition
Monad just rewrote the rulebook on stablecoin dominance—and Wall Street didn't even see it coming.
The Infrastructure Play
The blockchain foundation gobbled up Portal, a heavyweight in stablecoin rails, in a deal that reshapes the crypto-fiat bridge game. No terms disclosed—because in crypto, transparency is optional until the SEC comes knocking.
Why It Matters
Stablecoins aren't just tokens—they're the bloodline of DeFi. With Portal's tech under its belt, Monad now controls critical plumbing for billions in daily transactions. TradFi banks still think 'blockchain' is a spreadsheet upgrade.
The Punchline
Another day, another crypto acquisition done faster than a hedge fund's 'long-term investment' thesis. Meanwhile, Bitcoin's up 300% this year—but sure, keep shorting it, Jamie.
Perhaps unsurprisingly, a lot of the deals were for projects in the financial sector of crypto.
But consumer has also seen a pick-up in activity. Take OpenSea’s acquisition of Rally yesterday, for example. Thesis, Worldcoin and Stripe also made consumer-focused acquisitions.
Not to mention that Coinbase made yet another acquisition just last week when it announced it was buying LiquiFi for an undisclosed amount.
Consolidation is a good sign in this space, and shows just how much various sectors are heating up.
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