On March 12th, Middle Eastern sovereign fund MGX announced a $2 billion investment into a leading exchange. What makes this transaction special is that it was settled entirely in stablecoins, with no fiat currency involved. This also set a new record for funding in the crypto industry, becoming the largest single digital asset investment to date. In terms of investment methods, institutional capital's attitude towards the crypto market is changing. Completing such a large-scale transaction with stablecoins indicates that traditional financial institutions are gaining confidence in on-chain financial infrastructure. This reflects the fact that the crypto market is moving from niche to mainstream, and institutional players are participating in a more mature manner.
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GasFeeLover
· 6h ago
Stablecoin settlement of 2 billion? This time, traditional finance is really here, and on-chain infrastructure has finally caught attention.
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rekt_but_vibing
· 6h ago
Stablecoin settlement of 2 billion? Traditional finance can no longer sit still. The signal that on-chain finance is taking off is too obvious.
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MevHunter
· 6h ago
Stablecoin settlement of 2 billion? This is the true awakening of on-chain finance. Traditional finance is really slowly bowing down.
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ser_ngmi
· 6h ago
Stablecoin settlement of 2 billion, now that's true on-chain finance, much more reliable than those who just shout slogans every day.
On March 12th, Middle Eastern sovereign fund MGX announced a $2 billion investment into a leading exchange. What makes this transaction special is that it was settled entirely in stablecoins, with no fiat currency involved. This also set a new record for funding in the crypto industry, becoming the largest single digital asset investment to date. In terms of investment methods, institutional capital's attitude towards the crypto market is changing. Completing such a large-scale transaction with stablecoins indicates that traditional financial institutions are gaining confidence in on-chain financial infrastructure. This reflects the fact that the crypto market is moving from niche to mainstream, and institutional players are participating in a more mature manner.