What Saudi Arabia’s exit means for China-led mBridge amid global de-dollarisation

South China Morning Post - Sep 22, 2026

Saudi Arabia’s withdrawal from a China-led digital currency platform would carry greater symbolic than operational significance, analysts say, highlighting pressures facing countries caught between US influence and alternatives to dollar-based payments infrastructure. In a response to inquiries from the South China Morning Post, the Saudi Central Bank said it had participated in mBridge – a multilateral central bank digital currency platform seen as an alternative to the traditional US...

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