Major news from the crypto world: Binance, the leading cryptocurrency exchange globally, announced on Wednesday a significant milestone. They’ve secured a whopping $2 billion investment from MGX, a tech and AI investment firm based in Abu Dhabi.

Binance revealed that the entire transaction was completed using stablecoins. What makes this deal even more noteworthy? It marks Binance’s very first institutional investment and is touted as the largest single investment ever made in a crypto company to date.

Editor’s note: This is a developing story and will be updated as more details become available.