Saudi Arabia Exits China-Backed mBridge CBDC Project
Saudi Arabia has ended its participation in mBridge, a China-backed cross-border CBDC platform, after completing a proof of concept in May 2025.
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Saudi Arabia has ended its participation in mBridge, a China-backed cross-border CBDC platform, after completing a proof of concept in May 2025.
India is planning a September pilot of tokenized corporate bonds using the Reserve Bank of India's wholesale central bank digital currency, with state-owned REC issuing the debt.
India's state-controlled REC will issue tokenized corporate bonds in September using blockchain settlement and wholesale digital rupee payments.
The Bank of England's Digital Pound Lab entered Phase 2 to test how public stablecoins and a potential digital pound can operate together in a single payment flow for cross-border trade settlement.
A housing bill containing a ban on a Federal Reserve-issued central bank digital currency has become law without President Trump's signature.