💨 Abstract
The Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the world's largest crypto exchange. MGX will become a minority shareholder, investing in a stablecoin, a type of cryptocurrency pegged to a fiat currency like the dollar. This is Binance's first institutional investment and one of the largest ever in the crypto industry.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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