Abu Dhabin MGK invests $ 2B in Binance using only stablecoins

Binance received $ 2 billion investments from the MGKS based on Abu Dhabi, marking the first institutional investment in the history of bineness.

Investment was fully implemented in an unnamed StablecoinsWhich Grids MGX minority share in binance and signals the entry of the company in cryptocurrency and blockchain sectors.

MGK, known for its focus on AI and advanced technology, said the investment aligns With its strategy for supporting the blockchain innovation and finance.

“MGX investments in the binika reflects our commitment to the promotion of Blokschain transformative potential for digital finances,” said Ahmed Yahia, General Manager and Executive Director of MGKS. “How institutional adoption is accelerated, the need for a safe, harmonized and scalable blockchain infrastructure was never higher.”

UAE compliance in accordance

With this investment, Stage It aims to expand their conformity efforts, improve security measures and strengthen partnerships with regulators around the world.

Binance (Bnb), which employs about 1,000 employees in the UAE, was established as a key player in Kruptou’s landscape of the region, according to his release to the public. The stock market serves over 260 million registered users and processed more than 100 trillion dollars in the cumulative trading volume.

“This MGX investment is a significant turning point for the crypto industry and binance,” said General Manager Director of Richard Teng. “Together, we shape the future of digital finances. Our focus remains compliance, security and customer protection.”

Teng, previously served as the General Manager of the Abu Dhabi’s regulatory financial services, played a key role in the development of one of the world’s earliest regulatory frameworks Cripto Regulatory Cripto.