China’s mBridge Cross-Border CBDC Platform Surpasses $55 Billion Volume
- Project mBridge processes $55.5 billion in transactions by 2026.
- Marking a massive increase since 2022 pilots.
- Involves Central Banks of China, UAE, Saudi Arabia, and more.
Project mBridge, a cross-border CBDC platform involving China, Hong Kong, Thailand, UAE, and Saudi Arabia, has surpassed $55 billion in transactions by early 2026.
This milestone highlights the increasing role of CBDCs in international trade, potentially impacting traditional financial systems and dollar dominance over time.
China-led mBridge cross-border CBDC platform processes over $55.5 billion, involving central banks from multiple regions, as reported by early 2026 data.
The platform’s success signals a shift in international finance dynamics, enhancing CBDC integration yet not directly challenging dollar supremacy.
mBridge Exceeds $55 Billion in 2026 Transaction Volume
The mBridge platform recorded transaction volumes surpassing $55.5 billion as of early 2026, a considerable increase from 2022. This reflects the growing role of CBDCs in international trade. Primarily led by the People’s Bank of China, the initiative involves central banks from Hong Kong, Thailand, UAE, and Saudi Arabia, indicating a collective shift towards digital currencies.
Expansion Boosts Asia-Middle East Financial Integration
The substantial transaction increase demonstrates the evolving financial infrastructure in Asia and the Middle East, fostering innovative integrations and cross-border settlements. This has not impacted traditional cryptos like Bitcoin or Ethereum. Politically, this reinforces China’s commitment to advance digital finance. Economically, it supports regional partnerships without destabilizing existing fiat systems or provoking direct economic rivalry.
CBDC Transaction Growth Skyrockets from $22 Million to Billions
The 2022 pilots processed only $22 million in transactions, demonstrating the exponential growth seen by 2026. This illustrates CBDCs’ transformational potential in international monetary systems. Experts believe ongoing adoption might moderately influence dollar dominance. Alisha Chhangani of Atlantic Council stated, “mBridge may incrementally erode it,” subtly reshaping global currency hierarchies.
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