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today in wealth 20260116 A China-led digital currency platform for cross-border payments has grown quickly, handling over $55 billion in transactions. Called mBridge, the system is being tested by central banks in China, Hong Kong, Thailand, the UAE, and Saudi Arabia. It lets countries send money directly using central bank digital currencies (CBDCs), without relying on the U.S. dollar. Most of the activity so far has used China’s digital yuan, showing its growing role in global finance.
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