BRICS: China & UAE Make First CBDC Transaction Worth $13M

BRICS: China & UAE Make First CBDC Transaction Worth $13M

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In what is certainly a landmark development for the BRICS alliance, China and the United Arab Emirates (UAE) have completed the first cross-border Central Bank Digital Currency (CBDC) transaction worth more than $13 million. Both countries moved 50 million dirhams across the mBridge network,…

#unitedarabemirates #cbdc #mbridge #hongkong #thailand #uae #saudiarabias #saudiprincemansour #yimingzhang #rm

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