UAE and China Complete First $13.6M Cross-Border CBDC Transaction

UAE and China Complete First $13.6M Cross-Border CBDC Transaction

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The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital yuan. According to People.cn, the 50-million-dirham ($13.6 million) transaction occurred via the m-CBDC Bridge…

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