🎯 Saudi Arabia’s reported withdrawal from China-backed mBridge puts cross-border payments at the center of intensifying US-China strategic competition. 📊 The blockchain-based platform was designed as an alternative to traditional dollar- and SWIFT-linked channels. The development comes as US-China talks begin in New York on agriculture, AI, rare earths and extending the trade truce. 🔥 Watch for confirmation of Riyadh’s decision, progress toward Xi Jinping’s planned US visit, and signs of renewed trade or regional-security friction. China’s reported $618 billion in US Treasury holdings—an 18-year low—adds pressure to the de-dollarization debate. #SaudiArabia #China #Geopolitics #DigitalCurrency #Trade
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