After the news of Binance being "acquired" came out one after another last year, it finally started to land today. Although it is not the most anticipated BlackRock, it has also embraced the sovereign fund of Middle Eastern tycoon MGX. This is the first time Binance has received investment from an external institution so far, and it is also the largest single investment in a cryptocurrency company in the world. It is worth noting that all of the $2 billion investment was paid in stablecoins. The large-scale stablecoin use case of this sovereign fund is also a boost to confidence in the cryptocurrency market.