🚨 The post analyzes Project mBridge, rebranded as BRICS Bridge, a China-led CBDC platform for cross-border payments launched in 2021 with BIS involvement from China, Hong Kong, Thailand, UAE, and Saudi Arabia; BIS handed it over to participating central banks in late 2024. 👉 By early 2026, mBridge had processed over $55 billion in transactions—a 2,500x increase from 2022 pilots—with China's digital yuan dominating 95% of volume, bypassing SWIFT and the US dollar amid BRICS de-dollarization efforts, including India's 2026 proposal to link member CBDCs. 👉 It positions this state-controlled, programmable surveillance system as creating demand for XRP as a neutral, decentralized alternative for instant, low-cost cross-border settlement without government oversight or sanctions risk.
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