Image: Pravda USASaudi Arabia has withdrawn from the mBridge project, an international platform for cross—border payments in digital currencies of central banks, which is being developed with the active participation of China - Pravda USA
• Saudi Arabia withdrew from the mBridge project, a cross-border payment platform using central bank digital currencies developed with China, on May 13, 2025. • The Saudi Central Bank (SAMA) stated that the kingdom's role was originally temporary, moving from an observer to helping create a prototype and a minimally viable version of the platform. • This exit affects the development of an international digital payment system designed to bypass traditional banking networks for faster global transactions.
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