SAMA says its mBridge participation ended with a May 2025 proof of concept, pulling the biggest Gulf economy out of the China-backed CBDC rail.
#Bis #Cbdc #China #CrossBorderPayments #DigitalYuan #Mbridge #SaudiArabia

Digital Yuan's cross-border use is growing! 🇨🇳 Many more financial institutions are joining its settlement platform (CBETS), expanding international reach for trade & travel. This strengthens its role in global digital currency infrastructure. #DigitalYuan #CBDC
Chutianlong secures bid for digital yuan hard wallet management system! 🇨🇳 Providing end-to-end services for issuance, card management, and transactions. Expanding "digital yuan +" to retail, cross-border, and supply chain finance. #DigitalYuan #Fintech
SAMA says its mBridge participation ended with a May 2025 proof of concept, pulling the biggest Gulf economy out of the China-backed CBDC rail.
#Bis #Cbdc #China #CrossBorderPayments #DigitalYuan #Mbridge #SaudiArabia
Digital Yuan's cross-border infrastructure showcased at China-ASEAN Expo! 🇨🇳🌏 Demonstrations included smart contracts for trade & supply chain finance. CBETS is piloting with Singapore & already interoperable with Laos' LAPNet. An ecosystem of 12 institutions supports this move! #DigitalYuan #CBDC
Xiamen launches "Shuomatong," a cross-border digital yuan platform for trade. Leveraging blockchain & CBETS, it offers T+0 settlement, traceability, & reduced costs for businesses via partnerships with banks & firms like CipherEx International. #DigitalYuan #TradeTech