ChainCatcher news, according to official sources, the Stacks Asia Foundation has become the first Bitcoin-related foundation recognized by the Abu Dhabi Global Market (ADGM). This marks another significant step for the Stacks ecosystem in promoting global cryptocurrency adoption.

ChainCatcher News: The Bitcoin L2 network Stacks has announced the establishment of an Asian Foundation, which will lead the growth and development of the Stacks ecosystem in Asia. Organizations including DeSpread, Spartan Group, and SNZ will become its strategic partners. The foundation will initially secure $15 million in funding from private holders of Stacks for regional operations, with the possibility of obtaining more grants in the future.