The Saudi Central Bank withdrew from the mBridge project in May 2025 after completing a proof of concept. The project had previously been seen as a potential pathway for Saudi Arabia to promote oil trade with reduced reliance on the U.S. dollar. Despite its withdrawal, some media outlets continued to list Saudi Arabia as a participant as late as August 2026.
Evidence EVIDENCE
Sources 1 · Archived 0
SourceTypeReliabilityLink
李老师不是你老师
2026-09-20 23:09 · 沙特阿拉伯已于2025年退出中国主导的跨境数字货币平台mBridge，此前该项目被视为推动石油贸易去美元化的重要尝试。
First-hand
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Context CONTEXT
Cause
2024.06
·Reported
·Importance IV
·China
This event
Saudi Arabia Withdraws from the China-Led mBridge Digital Currency Platform
2025.05.13 · Reported
Effect
Not recorded yet
Coverage of this event COVERAGE