Crypto Exchange Binance Scores $2 Billion Stablecoin Investment From Abu Dhabi’s MGX
Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates state-owned investment firm MGX for $2 billion. The deal was paid in an unnamed stablecoin,
The investment came in the form of stablecoins and reflects the growing presence of crypto in the Middle East.
Meanwhile, in a separate development, the UAE-based fund MGX, led by the brother of the UAE’s president, announced a $2 ...
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