by GM Chung on November 1, 2021

Stacks Korea is excited to announce that Stacks has been rated ‘Prime (AA-)’ by Xangle, a key crypto-asset disclosure platform in the country. This rating indicates Stacks is an excellent blockchain project with great reliability and strong capabilities that can help it accomplish its goal of unleashing Bitcoin's full potential.

The community around Stacks is one of the biggest cryptocurrency communities in all of Korea and boasts high participation rates on-chain and off. This rating is a positive indicator that the momentum in Korea will only continue. Of late, local partnerships and integrations like D'CENT, Orbit Chain, and more have continued coming online to give users more ways to engage with Stacks.

According to the report, Stacks is poised to become an industry leader in the cryptocurrency market as a result of its major milestones which include the Stacks 2.0 Mainnet launch earlier this year, smart contract growth, and the numerous entities that have emerged within the Stacks ecosystem.

The report also details several other milestones including:

• Early investments from renowned investors such as Winklevoss Capital and Union Square Ventures
• Prolific media coverage in top media outlets including Forbes, Wall Street Journal, Reuters, and CoinDesk
• More than 45 entities within the Stacks ecosystem
• Stacks is leading its competitors (RSK, Lightning Network, Liquid Network) in terms of TVL across Bitcoin projects ($1B+ or 60% dominance).

The Stacks Korea Chapter is extremely proud of this rating as it represents all of the hard work that the Stacks community have put forward in order to make Stacks a high-quality project and ecosystem.

You can read the full Xangle report here or below!