$BNB

Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has been at the center of several significant developments recently:

Major Investment

Abu Dhabi's MGX investment group has invested $2 billion in Binance, marking the largest institutional investment in the cryptocurrency exchange. The minority stake was paid in stablecoins, though the specific type was not disclosed. This investment aligns with the UAE's goal of becoming a global hub for digital assets and strengthens Binance's relationship with the region.