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UAE Central Bank reveals world's first multi-CBDC platform, mBridge, for cross-border payments.
The UAE Central Bank unveiled the Minimum Viable Product (MVP) of the mBridge project, a multi-central bank digital currency (CBDC) platform for cross-border payments and settlements.
It's the world's first multi-CBDC platform, developed in collaboration with banks from the UAE, Hong Kong, Thailand, and China.
The platform uses a new blockchain called mBridge ledger and is compatible with Ethereum, facilitating real-time, cost-effective cross-border payments using CBDCs.
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El Banco Central de los EAU presenta la primera plataforma multi-CBDC del mundo, mBridge, para pagos transfronterizos.