Binance just raised $2B from MGX, an Abu Dhabi sovereign wealth fund.    

The $2B is the largest crypto fundraise in 2 years and represents ~40% of Q1 2025 funding and ~15% of all 2024 funding.

Q1 funding here 👉 https://messari.co/420Oyu8

further cements the PMF and use case of stablecoins

this is huge for Binance. $2B in stables for the investment essentially green lights using USDC/USDT for trade and venture deals in the region.

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

hella bullish -- plus it was raised solely in stablecoins, so further cements stablecoin PMF.