#mbridge

2 stories

#blockchain #central banks #china #saudi arabia #business #cross-border payments #de-dollarization #digital currencies #digital currency #dollar #financial systems #global finance

Saudi Arabia quietly exits China's dollar rival
The kingdom's departure from mBridge undermines Beijing's bid to challenge U.S. financial dominance.
Fortune · 1m
Saudi Arabia quits China's mBridge payments program
A key U.S. ally abandons the blockchain alternative to dollar-based global finance, signaling pressure from Washington.
Pymnts · 1m