welcome
CNBC

CNBC

Business

Business & Economics

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

CNBC
Summary
Nutrition label

84% Informative

Emirati state-owned investment firm MGX announced a $2 billion investment into Binance .

Stablecoins are a type of digital asset designed to hold a constant value, typically with a peg to a fiat currency.

Binance, the largest cryptocurrency exchange in the world, has grown its Middle East footprint.