Binance, the world’s largest cryptocurrency exchange by trading volume, has sold a minority stake to United Arab Emirates state-owned investment firm MGX for $2 billion. The deal was paid in an unnamed stablecoin,

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

Binance will get a $2 billion investment from MGX, a state-owned investment corporation in the United Arab Emirates. TakeAway Points: In a joint press release, the firms said the minority stake would be paid for in stablecoins,