Binance Secures $2 Billion Investment From Abu Dhabi Firm—Paid in Stablecoins
Name
Binance Secures $2 Billion Investment From Abu Dhabi Firm—Paid in Stablecoins
Description
Binance has secured a $2 billion investment from MGX, a sovereign wealth fund in Abu Dhabi, fully paid in stablecoins. This marks Binance’s first institutional investment and the largest single investment in a crypto firm.
Publish date
8:00am, Wednesday, March 12, 2025
Referenced by
In a statement, Binance CEO Richard Teng framed the investment as "a significant milestone for the crypto industry and for Binance.”
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