Neutral impactEconomy
Saudi Arabia exits mBridge: Can China-led platform still challenge US dollar, become global cross-border payment system?
Mint 1 hr ago·20 Sept 2026, 10:45 am
Saudi Arabia announced that it has withdrawn from the China‑led mBridge digital currency project, a move it says was part of its original plan and was completed quietly in 2025. mBridge is designed to speed up cross‑border payments and reduce reliance on the US dollar and the SWIFT network.
The exit highlights the challenges facing a China‑driven alternative to the dollar‑centric system. For investors, it signals that the rollout of new global payment infrastructures may be slower or more fragmented than hoped, affecting fintech firms, banks and any companies that depend on international settlement services.
Going forward, market participants will watch whether other countries deepen their involvement with mBridge, how the platform’s technology evolves, and if regulators in key jurisdictions take a more supportive or restrictive stance toward non‑dollar payment corridors.
Excerpt from Mint
Saudi Arabia quietly exited the China-led mBridge digital currency project in 2025, saying it was part of its original plan. The platform aims to enable faster cross-border payments while reducing reliance on the US dollar and SWIFT, and continues expanding despite the withdrawal. Saudi Arabia has quit the China-led…Read the original at Mint
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
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