The UAE crypto sustains its push to become a global tech hub with a $2b stablecoin investment in Binance. Meanwhile, Mind of Pepe (MIND) nears $7.5m funding – let’s check it out.
United Arab Emirates (UAE) state-owned investment firm MGX has announced a $2 billion stablecoin investment in Binance. It signals the leading crypto exchange’s first institutional investment and the single largest investment ever made in crypto.
Via a joint press release, MGX said the minority stake would be paid for in stablecoins, making it the largest investment ever paid in digital currency.
We are excited to announce the first-ever institutional investment in Binance by @mgx_ai.
This is a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance.
The $2B investment is also the single largest investment into a crypto… pic.twitter.com/fjZQBqSyC4
— Binance (@binance) March 12, 2025
MGX Launched By Abu Dhabi Last Year With A Focus On Investment Within The AI Sector
Abu Dhabi launched the MGX investment firm last year to focus on investment opportunities within the AI industry. Since its launch in September 2024, MGX has partnered with the likes of BlackRock and Microsoft to launch a $30 billion AI fund.
Until today’s announcement regarding its investment into Binance, MGX had not invested in the cryptocurrency and blockchain sectors.
In the joint statement, MGX CEO Ahmed Yahia said, “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance.”
The press release said, “by partnering with the leading industry player, MGX aims to enable innovation at the intersection of AI, blockchain technology, and finance.”
Today, we launched the Global AI Infrastructure Investment Partnership, bringing together MGX, BlackRock, Global Infrastructure Partners, and Microsoft to invest in new and expanded data centers, with a total investment of $100 billion, to meet the growing demand for computing… pic.twitter.com/LZcHmjh8wK
— Tahnoon Bin Zayed Al Nahyan (@hhtbzayed) September 18, 2024
UAE Crypto Continues To Expand Its Reach As It Aims To Become A Global Hub For Technology
There has been no initial mention from Binance or MGX regarding the stake size or what stablecoin would be used for the payment. The two most likely candidates are Tether (USDT) or the Circle-issued USDC (USDC).
They are the two leading stablecoins, with a combined market cap of over $200 billion. Between the two, they make up over 85% of the total stablecoin market cap, which stands at around $228 billion, per CoinGecko data.
Binance is the largest cryptocurrency exchange in the world and has been growing its presence within the Middle East. The Middle East has acted as an ally to Binance as it faced regulatory hurdles and enforcement measures in other jurisdictions.
According to the press release, 20% of Binance’s 5,000 global workforce are located in the UAE crypto industry, around 1,000 total. The statement finishes by stating that Binance now boasts over 260 million registered users, having recently surpassed $100 trillion in cumulative trading volume.
Ripple just secured regulatory clarity in Dubai 🇦🇪👀 $XRP
“UAE is home to a $40bn cross-border payments market, making it a global hub for international trade and outbound finance”
HOW ARE YOU BEARISH?! pic.twitter.com/sbbwkbvvQ3
— danny (@defiphvntom) March 13, 2025
BONUS: Mind Of Pepe (MIND) Closes In On $7.5m Presale Funding As The AI Sector Shows Signs Of Life
The struggling crypto AI industry is showing some strong signs of recovery and the combined market cap for the sector is up nearly 4% since yesterday, per CoinGecko.
One AI project that can’t be found on CoinGecko is Mind Of Pepe (MIND), which is still in the presale stage. It is an innovative new AI agent that is close to hitting $7.5m in early-stage funding.
Even in a struggling crypto market, where the AI sector has been hit hard, MIND has seen consistent 5—to 6-figure daily inflows, and for good reason.
Using cutting-edge AI technology, MIND Of Pepe can identify and create opportunities by tracking trends and helping investors navigate the market more easily.
Unlike typical trading tools, MIND is powered by the latest AI learning models and continuously improves through autonomous intelligence, giving its holders an edge over the market.
All alpha and trading insight gained by the Mind Of Pepe agent will be gatekept and offered only to MIND holders, offering insane utility not often found with most AI agents.
Get all the latest Mind Of Pepe updates by following the community on X and Telegram.
There are less than 36 hours until the MIND price increases, so don’t wait too long to join the Mind of Pepe revolution.
Visit The MIND Of Pepe Presale Website Today
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