Wednesday December 18, 2024

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

by Kevin Helms October 24, 2024 1 min read

(Originally posted on : Bitcoin News )

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […]

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