Abu Dhabi’s MGX Commits $2B in Stablecoins to Binance

Abu Dhabi’s MGX Commits $2B in Stablecoins to Binance

The cryptocurrency exchange's first institutional investment, $2 billion, was made by Abu Dhabi-based investment group MGX in a historic deal. The transaction, which was completed only in stablecoins, gives MGX a minority ownership in Binance and signifies the company's calculated foray into the blockchain and digital finance industries. MGX Encourages Innovation in Blockchain MGX, which is well-known for emphasizing artificial intelligenc...

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