Kay Capital
Kay Capital|Jul 10, 2025 10:34
Starting at least this year, PayFi and even the entire payment industry have been a direction that institutions are flocking to. After all, from the perspective of products alone, traditional payments already have too many stones to touch. Products in the payment field generally have a common feature of relying heavily on infrastructure performance to achieve low latency and low-cost transfer services. This is also why most of these products are built on L2 or high-performance L1. So it is expected that Monad will expand its business in this direction. With the standard business of public chains and matching infrastructure conditions, it is natural for Monad to acquire Portal to expand its stablecoin and payment business. You may not be familiar with the Portal project. Its CEO and co-founder, Lianchuang, was a founding member and director of Visa's global cryptocurrency products. The Portal project itself focuses on enterprise stablecoin settlement business. But the most urgent thing now is, when will the mainnet go live?
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