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Project mBridge continues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach.
UAE and China execute the first $13.6 million cross-border transaction in digital dirham and digital yuan via m-CBDC Bridge platform.
Hemingway’s law of motion says change comes gradually, then suddenly.
The announcement of the mBridge pilot project should serve as a wake-up call to U.S. policymakers seeking to preserve U.S. influence in the global financial system.
Since 2018, the UAE was at the forefront of crypto & blockchain adoption as its government, known for its fast modernization of its legal system