Saudi Arabia’s reported mBridge exit draws conflicting interpretations
One post calls the reported departure a major reversal for a China-led dollar alternative. Another says Saudi Arabia’s central bank completed a proof of concept in 2025 and moved on, rather than abandoning China.
TLDR
One post claims Saudi Arabia withdrew from a Chinese-led digital currency and blockchain payment system, portraying it as a major reversal for an alternative to the US dollar. A separate comment disputes the “withdrawal” framing, saying Saudi Arabia’s central bank, SAMA, joined mBridge to test financial technology, completed the proof of concept in 2025 and moved on. That comment argues Saudi Arabia can work with China, the US and others without being locked into any one system.
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