ZeroHash Enables High-Performance Stablecoin Payments on Monad

- Monad is a high-performance Layer 1 blockchain designed for Ethereum Virtual Machine (EVM) compatibility, meaning developers can deploy existing Ethereum applications without code changes. It aims to achieve a throughput of 10,000 transactions per second with 400ms block times and 800ms finality. This is accomplished through innovations like parallel execution, which processes multiple transactions simultaneously, unlike Ethereum's sequential method. - Monad Labs, the team behind the blockchain, was co-founded by Keone Hon (CEO) and James Hunsaker (CTO), both of whom have backgrounds in high-frequency trading at Jump Trading. The firm raised $225 million in a Series A funding round led by Paradigm, valuing the company at $2 billion and marking the largest crypto sector fundraising deal in over seven months at the time. - ZeroHash provides "digital-assets-as-a-service" infrastructure, allowing clients like neo-banks, broker-dealers, and payment companies to integrate digital asset services through an API without handling the regulatory and technical overhead themselves. The company, led by founder and CEO Edward Woodford, has processed over $45 billion in transaction volume and serves clients such as Stripe, MoneyLion, and Interactive Brokers. - The integration allows ZeroHash's partners to utilize the Monad network for USDC-based payment flows, including cross-border payments, B2B settlements, and real-time account funding. This is designed to offer a high-speed, scalable, and compliant infrastructure for financial platforms without requiring them to manage their own nodes, custody, or licensing. - Stablecoins are seen as a key component for upgrading financial settlement rails because they can reduce transaction costs and settlement times, particularly for cross-border payments, compared to traditional systems like SWIFT. This move taps into the growing use of stablecoins for business payments, which accounted for a significant portion of the $11 trillion settled on blockchains in 2022. - Monad's architecture requires nodes to operate on bare-metal servers rather than cloud environments like AWS to meet strict performance and timing requirements for its sub-second block processing. This ensures direct and stable hardware access, which is critical for the network's high-throughput design. - The Monad testnet, which launched in February 2025, reportedly processed nearly 2.7 million transactions in its early days with a 98% success rate and an average block time of 0.5 seconds. At its peak, the testnet reached 3,000 transactions per second.