Saudi Quits mBridge: What Is China's Alternative To The Dollar? | FP Explains
Saudi Arabia has confirmed it is no longer part of mBridge, the China-led platform that lets central banks settle cross-border payments in their own digital currencies without routing money through the US dollar. Riyadh actually left in May 2025, but the exit only became public this week, just days before Xi Jinping's state visit to Washington.So what is mBridge, why has Washington been so wary of it, and can the platform still challenge the dollar without one of the Gulf's biggest economies on board?
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Saudi Arabia | mBridge | China | Digital Currency | Digital Yuan | CBDC | US Dollar | Dollar Dominance | De-Dollarisation | Cross-Border Payments | Firstpost
#saudiarabia #mbridge #china #digitalcurrency #digitalyuan #cbdc #usdollar #dollardominance #dedollarization #crossborderpayments #firstpost
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