🇺🇸𝙒𝘼𝙏𝘾𝙃𝙀𝙍𝙎🇺🇸

MBridge (Multiple Central Bank Digital Currency Bridge) is an interbank wholesale cross-border settlement platform. Because it operates on a custom-built, permissioned Distributed Ledger Technology (DLT) called the mBridge Ledger, it exclusively supports Central Bank Digital Currencies (CBDCs) issued by participating central banks. [1, 2, 3, 4] It does not support public cryptocurrencies like Bitcoin or Ethereum. The specific digital tokens currently supported include: • e-CNY: Digital Renminbi issued by the People's Bank of China. • e-HKD: Digital Hong Kong Dollar issued by the Hong Kong Monetary Authority. • e-THB: Digital Thai Baht issued by the Bank of Thailand. • e-AED: Digital United Arab Emirates Dirham issued by the Central Bank of the UAE. • Digital Riyal: Digital Saudi Riyal (issued by the Central Bank of Saudi Arabia, following their addition as a core participant). [4, 5, 6, 7, 8] As the platform evolves, the mBridge infrastructure framework is designed to also accommodate licensed stablecoins and tokenized deposits, provided they align with the strict regulatory and compliance frameworks governed by the participating central banks. [9] You can track real-time adoption and scaling of the network through the Atlantic Council Central Bank Digital Currency Tracker, or review the official technical blueprint on the Bank for International Settlements Project mBridge Report. [1, 6] Would you like to know more about how commercial banks utilize the platform to facilitate these transactions, or are you interested in the governance and privacy models used to manage the supported CBDCs? AI responses may include mistakes. [1] https://www.bis.org/publ/othp59.htm [2] https://en.wikipedia.org/wiki/MBridge [3] https://www.centralbank.ae/en/our-operations/fintech-digital-transformation/mbridge/ [4] https://www.bis.org/publ/othp59.pdf [5] https://www.atlanticcouncil.org/blogs/econographics/what-to-watch-as-china-prepares-its-digital-yuan-for-prime-time/