Latest news with #AshPampati
Cision Canada
5 days ago
- Business
- Cision Canada
Bybit Lists USDC on Aptos, Launches Super Event With Over 20,000 APT Up for Grabs
DUBAI, UAE, May 27, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, now supports native USDC on the Aptos blockchain for the first time. This milestone allows users to trade USDC and earn APT directly on the platform. "As one of the world's top 10 blockchains for stablecoins, the Aptos network provides the fast, secure, and scalable infrastructure needed to bring stablecoins into the mainstream and unlock their real-world utility. Collaborations with leading exchanges like Bybit to integrate USDC on Aptos are crucial to realizing that vision — driving broader access, enabling seamless global transactions, and powering the next generation of financial systems," said Ash Pampati, Head of Ecosystem at Aptos Foundation. "Bybit is proud to unite the world's top ecosystems — Aptos and USDC — into a single, seamless experience for our users. This integration not only strengthens the foundation of Web3, but also champions safe, regulated adoption of crypto at a global scale. Together, we're building the rails for a future where finance is open, inclusive, and seamless," said MK Chin, Head of Ecosystem Partnerships at Bybit. In recognition of this launch, Bybit has launched the Bybit x Aptos Super Event — a month-long celebration offering a total of over 20,000 APT in rewards through staking, trading, and exclusive bonuses for new users. The event runs until June 26, 2025, and gives participants multiple ways to earn APT, whether they're long-time crypto enthusiasts or just getting started. Three Reward Opportunities 1. On-Chain Earn Staking Event Participants who stake APT via Bybit's On-Chain Earn and maintain their position for at least 24 hours during the event period will be eligible for a share of 5,000 APT. 2. New User Exclusive – Token Splash Eligible new users who complete identity verification and meet the deposit and trading criteria will receive 5 APT. Rewards are distributed from a 5,000 APT prize pool and limited to the first 1,000 qualified participants. This activity ends on June 9, 2025. 3. Spot Trading – Token Splash Users who trade a minimum of US$300 worth of APT on Bybit Spot during the campaign period will receive a share of a 10,000 APT prize pool. Individual rewards are capped at 400 APT. Aptos (APT) is the native token of the Aptos blockchain, a scalable Layer 1 network built for secure and efficient decentralized applications. On Bybit On-Chain Earn, users can stake APT to receive daily rewards, enjoy flexible redemption, and contribute to the network's security. More information is available here. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Business Standard
21-05-2025
- Business
- Business Standard
Hashed Emergent and Aptos Foundation Join Forces to Boost Web3 Innovation in India
BusinessWire India Bangalore (Karnataka) [India], May 21: Aptos Foundation, dedicated to supporting the development and ecosystem of the high-performance Aptos blockchain, and Hashed Emergent, a Web3 venture capital firm, have announced today a strategic partnership that aims to catalyze the growth of India's dynamic Web3 ecosystem, especially across the sectors of consumer apps, DeFi, gaming, and Web3 infrastructure. Building on their existing collaboration, the two organizations will continue to introduce initiatives, starting with the newly launched Aptos Accelerator - India program, and support founders to build and scale their projects. The partnership highlights Aptos Foundation's on-going commitment to advancing Web3 adoption in India by providing local founders with resources, infrastructure, and access to the global ecosystem. "India's Web3 community stands among the world's most vibrant and fastest-growing ecosystems, representing an exceptional talent pool that extends beyond crypto into the broader tech landscape," said Ash Pampati, Head of Ecosystem at Aptos Foundation. "This partnership with Hashed Emergent represents a significant milestone in our mission to foster Web3 innovation and grow the Aptos ecosystem in India. By combining Aptos' ecosystem-agnostic infrastructure with Hashed Emergent's proven track record in identifying promising projects, we're creating a powerful launchpad for the brightest minds in India to build scalable, user-centric Web3 solutions." "At Hashed Emergent, we have always believed that India will lead the next wave of Web3 innovation," said Tak Lee, CEO and Managing Partner of Hashed Emergent. "What excites us most about collaborating with Aptos Foundation is their builder-first mindset and their deep, enduring commitment to India. Together, we offer founders real capital, strategic mentorship, and seamless integration into a global ecosystem, providing a faster, stronger path to scale." The Aptos Accelerator - India program will be the first flagship initiative under this strategic partnership, marking a significant advancement in the broader mission to build long-term infrastructure, networks, and opportunities for Aptos-native projects and the wider Indian Web3 ecosystem. Through this program, founders will have the opportunity to pitch their products in auditions held in major Indian cities. Selected projects will benefit from mentorship, funding, access to subject matter experts, workshops and additional support to accelerate their growth. Key dates of the Aptos Accelerator - India program are as follows: * Registration Opens: May 21, 2025 * Auditions for Selected Teams: Starting from June 7, 2025 * Formal Launch of the Accelerator Program: July 7, 2025 * Demo Day (featuring the inaugural cohort's projects): August 2, 2025 For more details and latest updates, please visit This deepening engagement builds upon the existing initiatives of Aptos Foundation and Hashed Emergent, which include co-hosted developer workshops, ecosystem events, and the Aptos Foundation's title sponsorship of India Blockchain Week (IBW) Conference, India's premier platform for Web3 collaboration. Since its inception in 2022, Hashed Emergent has invested over $20 million across 30+ portfolio companies, demonstrating a proven track record in identifying and scaling promising Web3 projects. Strategic partnership with Aptos Foundation further amplifies this momentum, showcasing a shared commitment to fostering innovation, building resilient ecosystems, and driving meaningful blockchain adoption across India and beyond.
Crypto Insight
16-05-2025
- Business
- Crypto Insight
Stablecoin regulation next ‘catalyst' for crypto industry — Aptos head
Stablecoin regulation is 'the next catalyst' for the crypto industry and could lead to unprecedented 'appetite from institutional investors,' according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that 'the whole world outside of the United States […] has already jumped onto this [stablecoins],' adding that 'the US is […] at the doorstep.' 'I really think about new use cases that can emerge because of the borderless nature of stablecoins, because of the efficiency of the dollar onchain,' he said. 'If you're trying to send money to your friend in Nigeria, why do you have to go through a bunch of hoops?' Stablecoins are often used to transfer money across borders, as they are easier and cheaper to transfer than traditional finance methods such as wire transfers. They are also used to hedge against fiat currency, which, in emerging markets, can devalue significantly in a short period of time. According to a new survey from Fireblocks, Latin America leads all regions in real-world use of stablecoins, with 71% of respondents saying they use the technology for cross-border payments. Half of respondents in the region, which encompasses a number of developing countries, say they expect stablecoins to offer lower transaction costs than traditional finance rails. 'I think you will see an amazing appetite from institutional investors […] we can really think, rethink the fintech space across B2B, B2C with fully onchain rails,' Pampati said. 86% of firms ready for stablecoins According to Fireblocks' survey, 86% of respondents say that their company shows 'infrastructure readiness.' In other words, their companies are ready to adopt stablecoin. In addition, 75% of respondents say they see clear customer demand for stablecoins. However, regulation still holds a large role in determining adoption. The survey shows that confidence in stablecoins is rising, not only because of the technology but also because regulatory barriers have fallen. Agencies around the world have sought to regulate stablecoins. The progress has included the European Union's MiCA regulation, various acts in the United Arab Emirates, and even the United States' GENIUS Act, which reports indicate has regained some bipartisan support after a failed May 8 vote. Source:
