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The Nexus
BUSINESSJul 22 · 06:00 UTCSCMP CHINADaisy Wu

China-dominated central bank digital currency platform touts largest transactions to date

A leading Chinese bank processed two cross-border transactions exceeding $1.7 billion each via mBridge, a multilateral CBDC platform, in June and July. This achievement highlights mBridge's capability for high-value settlements and advances China's global yuan ambitions.

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Mentioned
Bank of China’s Shenzhen branchorganizationBank of China’s Fujian branchorganizationmBridgeorganizationcentral bank digital currencytopicChinaplaceBeijingplace
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