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Tag: mBridge

mBridge is a multinational central bank digital currency project designed to enable faster, more efficient cross-border payments using distributed ledger technology. Developed by the BIS Innovation Hub and participating central banks, it explores direct settlement in multiple central bank digital currencies, aiming to reduce costs, improve transparency, and modernize international financial infrastructure.

Why Saudi Arabia exits mBridge and who governs the China-led platform now

Saudi Arabia exits mBridge

Saudi Arabia exits mBridge, the China-led digital currency platform, and the Saudi Central Bank describes the departure as a step fixed in advance. The Financial Times reported the withdrawal. SAMA, as the bank is known, confirmed the exit took place last year. The exit comes as Riyadh moves closer to Washington and leans on it […]

Saudi Arabia Eyes Petrodollar Alternative With Yuan and mBridge Deals Now

Saudi Arabia Eyes Petrodollar Alternative

Saudi Arabia eyes petrodollar alternative routes now. It has not broken from the dollar in public. Riyadh is building a second option instead. That option runs through Beijing. Riyadh is quietly testing whether the option holds up. Inside the Original Petrodollar System Henry Kissinger flew to Riyadh in June 1974. He carried a proposal that […]