STX set for 70% rally as Stacks Asia secures ADGM approval to expand Bitcoin DeFi ecosystem
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The Stacks Asia Foundation took a crucial step in enriching Bitcoin’s use cases in the Middle East and Asia.
The press release shows that the entity has registered at the Stacks Asia DLT Foundation with ADGM (Abu Dhabi Global Market).
The move makes it the first Bitcoin-centered Layer 2 foundation to attain official recognition under ADGM’s Distributed Ledger Technology (DLT) framework.
Stacks Asia Foundation executive director Kyle Ellicott commented on the developments, stating:
We chose to establish our presence in ADGM because of its unparalleled commitment to fostering innovation in the blockchain space. Their forward-thinking approach to policy-making aligns perfectly with the Stacks ecosystem’s history of creating pathways for Bitcoin builders.
The certification represents a new era of Bitcoin adoption and institutional legitimacy in two of the fastest-expanding crypto markets, the Gulf and Asia-Pacific.
The milestone has sparked interest in Stacks’ native token, which appears ready for an upsurge after maintaining its crucial levels despite a massive pullback.
The alt targets $1.20 after reclaiming the 14 Exponential Moving Average as dependable support.
That would mean an over 30% surge from STX’s current price.
That could open the doors for explosive gains to $3, about 72% surge.
ADGM attracts blockchain innovations
Abu Dhabi Global Market’s DLT Foundations regime is becoming the new home for DAOs and web3 undertakings.
The framework supports simplified token issuance, flexible and asset-based governance, and legal recognition of smart contracts.
Furthermore, entities do not require a physical presence in the United Arab Emirates to enjoy its perks.
The Stacks Asia Foundation will likely leverage this framework to scale its operations worldwide without friction.
Stacks’ transformation into a DeFi powerhouse
The legal move builds on the firm’s ongoing objective to expand Bitcoin’s utility without impacting its base layer.
Stacks launched the 1:1 BTC-tied programmable asset sBTC early in 2025.
The product has opened the path for trading, lending, and dApps built atop BTC’s infrastructure.
With ADFM’s recognition, Stacks Asia plans to drive Bitcoin-powered decentralized finance in the Middle East and Asia.
Besides working with regional regulators, the firm will educate institutions and investors on programmable Bitcoin.
ADGM Registration Authority CEO Hamad Sayah Al Mazrouei commented:
The Stacks Asia DLT Foundation’s registration in ADGM highlights our commitment to fostering transformative technologies. As more leading blockchain foundations choose ADGM as their regulatory home, the region continues to serve as a key location for innovators looking for a secure and forward-thinking environment.
STX price outlook: bullish move imminent
The market has reacted to ADGM’s announcement optimistically.
Analyst Jack Adams highlighted that the native coin has reclaimed the 14-week Exponential Moving Average.
The MA has historically heralded upside price actions.
Moreover, STX has never breached crucial lows despite sharp declines, maintaining its bullish structure since 2020.
The altcoin trades at $0.8396, targeting a more than 30% surge to $1.20.
A weekly candle closing beyond this mark could propel Stacks to $3, matching the increasing popularity of BTC DeFi.
That would mean an approximately 72% uptick from the current price.
However, a break below the $0.5 support barrier will delay STX’s projected surge and catalyze extended consolidations or price dips.
The post STX set for 70% rally as Stacks Asia secures ADGM approval to expand Bitcoin DeFi ecosystem appeared first on Invezz
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