
Chinese-led mBridge platform tops $55 billion in cross-border CBDC transactions
A new crypto platform headed by China has emerged in the spotlight after hitting $55 billion in cross-border transactions. The value was reportedly attained from over 4,000 transactions from central banks in Asian countries such as China, Saudi Arabia, and Thailand. A new Chinese-led crypto platform has seen a significant surge in transaction volume to over $55 billion, according to a new report by the Washington-based Atlantic Council. The report explained that the prototype ‘mBridge’ platform is being spearheaded by central banks in Asian countries such as Saudi Arabia, China, the United Arab Emirates, and Thailand. mBridge transaction volume has…








