Abu Dhabi’s MGX investment firm just made a massive $2 billion bet on Binance, supporting the development of stablecoin projects. This strategic partnership underscores the growing interest of institutional investors in stablecoins, which are seen as a bridge between traditional finance and digital assets. The investment is set to enhance Binance’s efforts to expand its stablecoin offerings and enhance its global footprint and highlights Abu Dhabi’s goals to become a key player in the crypto industry, leveraging its financial resources to support innovative technologies. However, will other countries start to feel the pressure from the UAE’s crypto push, or is this a one-time investment deal?