Regulation· ★★★· neutral·

Saudi Arabia left mBridge CBDC platform 16 months ago, FT reveals

  • —SAMA joined mBridge as an observer on June 11, 2023, then took part in a limited PoC trial
  • —The trial ended on May 13, 2025, with no real financial transactions conducted
  • —The BIS announced SAMA's full participation on June 5, 2024
  • —Since the MVP launch, the platform processed 4,868 payments worth RMB 477.8 billion, 96% in digital yuan
Why it matters: The exit of a major oil exporter weakens the CBDC de-dollarization narrative and highlights mBridge's limited real-world throughput.
Source: Cryptonews.net
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