UAE and China Complete First $13.6M Cross-Border CBDC Transaction

The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital yuan. According to People.cn, the 50-million-dirham ($13.6 million) transaction occurred via the m-CBDC Bridge…#unitedarabemirates #cbdc #digitalyuan #centralbankofuaes #abudhabi #uaezhangyiming #bankofchinasuae #projectmbridge #centralbank #peoplesbankofchina
Source: Reuters: Health - Category: Consumer Health News Source Type: news