Stacks Announces Launch of Stacks Asia Foundation and Secures $15 Million Funding
CryptoNewsTerminal Staff11 Sep, 2024
Stacks Announces Launch of Stacks Asia Foundation and Secures $15 Million Funding
Stacks, the Layer 2 platform for Bitcoin, has announced the official launch of the Stacks Asia Foundation through Formal X. The foundation will operate across Korea, Japan, Hong Kong, Singapore, and the United Arab Emirates. To support its operations in each region, Stacks has raised $15 million from private holders. The Stacks Asia Foundation aims to accelerate the adoption of Stacks and Bitcoin in Asia. It will provide grants, educational resources, and community support to developers, startups, and enterprises in the region. The foundation's launch is a significant step in Stacks' global expansion. Asia is a key market for Stacks, with a large and growing community of Bitcoin users and developers. The foundation will help Stacks to tap into this market and further its mission of bringing Bitcoin to the world.
