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Abu Dhabi's MGX Invests $2 Billion in Binance: The Largest Stablecoin-Backed Institutional Investment in Crypto History

Summary by coincodex.com

In a landmark move that signals a significant shift in institutional confidence toward cryptocurrency infrastructure, Abu Dhabi's sovereign wealth fund MGX has invested $2 billion in Binance, the world's largest cryptocurrency exchange by trading volume. This investment, entirely backed by stablecoins, represents the largest institutional investment of its kind in the crypto industry's history and underscores the growing mainstream acceptance of…

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Abu Dhabi's MGX Invests $2 Billion in Binance: The Largest Stablecoin-Backed Institutional Investment in Crypto History

In a landmark move that signals a significant shift in institutional confidence toward cryptocurrency infrastructure, Abu Dhabi's sovereign wealth fund MGX has invested $2 billion in Binance, the world's largest cryptocurrency exchange by trading volume. This investment, entirely backed by stablecoins, represents the largest institutional investment of its kind in the crypto industry's history and underscores the growing mainstream acceptance of…

1 day ago

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coincodex.com broke the news in 1 day ago on Tuesday, April 1, 2025.

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