In a joint press release, the firms said the minority stake would be paid for in stablecoins, making it the biggest investment ever paid in cryptocurrency. A joint press release noted that "by partnering with the leading industry player,

The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry

Abu Dhabi’s state-owned investment firm MGX has made a landmark $2 billion investment in Binance, marking the cryptocurrency exchange’s first institutional funding and the largest-ever investment in crypto paid entirely in digital assets.