{"id":62777,"date":"2025-11-12T07:28:10","date_gmt":"2025-11-12T07:28:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/digital-dirham-takes-shape-as-uae-conducts-first-cbdc-transaction\/"},"modified":"2025-11-12T07:28:10","modified_gmt":"2025-11-12T07:28:10","slug":"digital-dirham-takes-shape-as-uae-conducts-first-cbdc-transaction","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/digital-dirham-takes-shape-as-uae-conducts-first-cbdc-transaction\/","title":{"rendered":"Digital Dirham Takes Shape as UAE Conducts First CBDC Transaction"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The United Arab Emirates has successfully carried out its first central bank digital currency (CBDC) transaction, marking a major step in the Digital Dirham project. The pilot transaction, conducted through the mBridge cross-border payment platform, represents the most significant development since the CBDC initiative was announced earlier this year.<\/p>\n<hr\/>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The UAE Ministry of Finance and Dubai Finance led the pilot transaction.<\/strong><\/em><\/li>\n<li><em><strong>The transfer took under two minutes to complete using the mBridge platform.<\/strong><\/em><\/li>\n<li><em><strong>The CBDC rollout is expected to begin in phases starting late 2025.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>The Ministry of Finance and Dubai Finance confirmed the operation on Tuesday, calling it<em> \u201ca step towards broader adoption of the national digital currency across both government and private sector operations.\u201d<\/em><\/p>\n<p>The move follows the UAE Central Bank\u2019s announcement in March that it planned to begin rolling out the Digital Dirham in the fourth quarter of 2025.<\/p>\n<p>Ahmed Ali Meftah, executive director of central accounts at Dubai Finance, said the test was aimed at validating infrastructure and ensuring smooth system connectivity.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cThe transaction was completed in less than two minutes, underscoring its goal of enhancing operational efficiency and expediting financial settlements between federal and local government entities,\u201d<\/em> he said.<\/p>\n<p>Officials described the pilot as a demonstration of readiness for the full-scale deployment of the Digital Dirham, designed to modernize intergovernmental payments and strengthen financial stability.<\/p>\n<p>The UAE Central Bank outlined its multi-stage rollout plan in a policy paper published in July. The document described the CBDC as a tool to <em>\u201cfuture-proof central bank money for the digital era\u201d<\/em> while addressing the evolving needs of the nation\u2019s expanding digital economy.<\/p>\n<p>Initially, the Digital Dirham will support only payments, with savings and interest-bearing functions intentionally excluded to prevent competition with commercial bank products. Later phases may explore retail and cross-border use cases.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The UAE joins a growing list of countries testing or deploying CBDCs, as central banks worldwide look to enhance financial efficiency, transparency, and sovereignty in the face of rapid fintech growth.<\/p>\n<hr\/>\n<h2>FAQ<\/h2>\n<h3>What is the Digital Dirham project?<\/h3>\n<p>It is the UAE\u2019s central bank digital currency initiative, designed to modernize financial infrastructure and government payments.<\/p>\n<h3>How long did the pilot transaction take?<\/h3>\n<p>The test transaction took under two minutes using the mBridge platform.<\/p>\n<h3>When will the Digital Dirham launch?<\/h3>\n<p>The Central Bank expects rollout to begin in phases during the fourth quarter of 2025.<\/p>\n<h3>What will the first phase include?<\/h3>\n<p>Payments between government entities, with no savings or interest-bearing products initially.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/uae-completes-pilot-digital-dirham-transfer-using-mbridge-platform\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The United Arab Emirates has successfully carried out its first central bank digital currency (CBDC) transaction, marking a major step in the Digital Dirham project. The pilot transaction, conducted through the mBridge cross-border payment platform, represents the most significant development since the CBDC initiative was announced [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":62778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62777"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=62777"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/62778"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=62777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=62777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=62777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}