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Saudi Central Bank Concluded mBridge Trial as Digital Yuan Dominates Platform Volumes

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.

Published Source: Forbes
Issuing authority
Saudi Central Bank
Jurisdiction
Saudi Arabia
Publication date
September 28, 2026
Effective date
May 13, 2025
Stage
Final rule
Official source
www.forbes.com

Fresh disclosures on September 28, 2026, detailed the status of Gulf participation in mBridge, the cross-border central bank digital currency platform jointly operated by the central banks of China, Hong Kong, Thailand, and the UAE.

The Saudi Central Bank confirmed that its trial engagement officially concluded on May 13, 2025. The institution's participation consisted of a pilot conducted entirely within a test environment without live transaction settlement.

Between mid-2024 and late 2025, mBridge processed 4,868 transactions with an aggregate value of $67 billion. Transaction volume remained heavily concentrated in the digital yuan, which accounted for approximately 96% of the platform's total transactional value.

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