Binance Secures $2 Billion Investment From Abu Dhabi Firm—Paid in Stablecoins
2025-03-12 14:56:44 UTC
Binance announced Wednesday that Abu Dhabi-based AI and tech investor MGX has put $2 billion into the company, paid in stablecoins.
Binance, the world's largest cryptocurrency exchange, announce Wednesday that it has secured a $2 billion investment from the Abu Dhabi-based AI and tech investor MGX.
The transaction was fully paid in stablecoins, according to Binance, and represents the exchange's first institutional investment and what it says is the largest single investment in a crypto firm to date.
Editor's note: This story is breaking and will be updated with additional detail.
Source: decrypt.co
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