China signs 26 banks to digital yuan, advances mBridge
China signs 26 institutions for digital yuan cross-border payments as mBridge advances toward rollout, supporting faster transactions and…
Browsing Tag
mBridge
37 posts
UAE, China executes first CBDC transaction on mBridge
The heads of the UAE, Chinese central banks jointly commissioned the first cross-border transaction on mBridge as they…
Is mBridge linked to the long-awaited BRICS payment solution?
A week after the BRICS Summit in Kazan, the BIS handed over the mBridge cross-border settlement system to…
BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’
The BIS announced it was abandoning Mbridge, a project aimed at using CBDCs to interconnect the financial systems…
BIS ‘Graduates Out’ of Project mBridge as BRICS Ties Stir Sanctions Speculation
BIS’s exit from Project mBridge shifts focus to Project Agora, maintaining a more traditional approach to cross-border finance.…
BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has…
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of…
China strikes deal with Kazakhstan on cross-border CBDC
With an ambition to transform the cross-border payments ecosystem, China partners with Kazakhstan in exploring CBDCs, which comes…
Hong Kong, France to explore cross-border CBDCs outside of mBridge
Both Hong Kong and France will explore the interoperability of their wholesale CBDC systems via a regulatory sandbox…
Eurosystem announces 48 participants in DLT trials
For the upcoming trials in July, DLT operators, comprising 48 private firms, will pilot cross-border and PvP transactions…