⚡️JUST IN: Saudi Arabia has WITHDRAWN from mBridge, the China-led blockchain-powered digital currency platform, per the FT. mBridge was supposed to enable central banks make cross-border payments using their digital currencies, potentially reducing reliance on dollar-based payment routes. Riyadh says it completed a planned trial in May 2025 and then left. A person familiar with the decision cautioned against reading a wider political motive into the exit.
Coin BureauShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.