Key Points

• Support for native USDT on Aptos went live on Binance, triggering a surge in APT price.
• Meanwhile, the Aptos Foundation announced the upcoming opening of a new Abu Dhabi office.

Aptos (APT) recorded a significant price surge today, following an important Binance listing. Aptos Foundation is expanding its reach with plans for a new office in Abu Dhabi’s leading international financial center, ADGM.

APT Price Surges Following Binance’s Listing of USDT on Aptos

APT recorded a significant price surge today of 6%. At the moment of writing this article, APT is trading at over $12, having a market cap of around $6.43 billion.

APT’s price surge comes following an announcement made via X by the Aptos team who revealed that support for native USDT on Aptos is now live on Binance. They also announced that on-chain deposits and withdrawals are now open.

Meanwhile, the Aptos Foundation expanded its reach with a new office in Abu Dhabi.

Aptos Foundation to Open a New Office in Abu Dhabi

Aptos Foundation announced that it will open a new office in ADGM, Abu Dhabi’s leading international financial center, as reported by Finance Feeds.

This expansion marks an important milestone in the Aptos Foundation’s mission to build a strong global blockchain ecosystem.

According to the same notes, the new office in Abu Dhabi will be a hub for the crypto company’s activities in the region, focusing on supporting partnerships and new projects designed to grow the Aptos ecosystem.

UAE is currently one of the most forward-thinking markets when it comes to blockchain and Web3 adoption.

UAE Cultivates a Fertile Environment for Web3 Initiatives

So far, the UAE has created a suitable environment regarding crypto and blockchain technology, supporting Web3 adoption and new initiatives in the ecosystem.

By setting up operations in Abu Dhabi, Aptos Foundation will engage directly with builders and institutions to create new opportunities in the ecosystem.

Bashar Lazaar, Head of Growth and Ecosystems at Aptos Foundation, revealed that the UAE is diving deep into Web3, consolidating its position as a global leader in blockchain.

He noted that his team plans to take the project to the forefront of this movement and help it grow as quickly as possible.

ADGM’s Chief Market Development Officer, Arvind Ramamurthy, also highlighted his excitement for the new Aptos move, saying that the company’s decision to establish a new office in Abu Dhabi highlights the UAE’s leadership in fostering innovation and advancing blockchain technology.

This latest announcement comes amidst multiple efforts by various other crypto companies to advance the adoption of crypto and blockchain globally.