Saudi Arabia is using mBridge and they have elected to NOT renew the petrodollar agreement. This is bitcoin's competitor. China is playing for world domination.
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Project mBridge reached minimum viable product stage
Project mBridge reached the minimum viable product (MVP) stage in mid-2024.
mBridge - Wikipedia

BIS and four central banks complete successful pilot of real-value transactions on cross-border CBDC platform
The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies...


