The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds.
Priced at Zero: How Brazil’s Méliuz Turned to Bitcoin to Escape a Treasury Trap
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds.
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Raj Parekh, Portal co-founder and a former Visa crypto director, will lead Monad’s stablecoin strategy following the acquisition.
USYC, Circle’s tokenized money market fund, is currently the fifth largest offering in the rapidly growing $8 billion tokenized treasuries sector.
Leaders from Citrea, Rootstock Labs and BlockSpaceForce argued that bitcoin’s scaling layers are less about throughput and more about turning the asset into a programmable financial base layer.
The announcement comes amid the exchange posting a disappointing second-quarter with shares down more than 6% in post-market trading.