2026-08-04
On August 4, 2026, when the South China Morning Post introduced the progress of mBridge's development, it still listed the Saudi Central Bank, which had already withdrawn in 2025, as a participant in mBridge.
2025-05-13
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.