China-Led CBDC Platform mBridge Tops $55B in Cross-Border Payments

MBridge, a China-led cross-border central bank digital currency (CBDC) platform, has now processed more than $55. 5 billion in cumulative transaction volume. The figure marks a dramatic 2,500-fold increase compared with the project’s early pilot phase in 2022, highlighting how quickly alternative payment infrastructure is scaling outside traditional dollar-based rails source: https://www.ethnews.com/china-led-cbdc-platform-mbridge-tops-55b-in-cross-border-payments/