The Saudi Central Bank confirmed its trial engagement with the mBridge cross-border digital currency platform officially ended on May 13, 2025, after testing without live settlement. Between mid-2024 and late 2025, the China-UAE-backed platform processed 4,868 transactions totaling $67 billion, with the digital yuan representing roughly 96% of the value.
The Saudi Central Bank confirmed its pilot participation in the mBridge cross-border digital currency platform ended on May 13, 2025. Between mid-2024 and late 2025, mBridge processed 4,868 transactions valued at $67 billion, with the digital yuan comprising 96% of volume.
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