Saudi Arabia reportedly withdraws from mBridge cross-border payment project

BRICSinfo reported on September 20, 2026, that Saudi Arabia had withdrawn from mBridge, which it describes as China's blockchain-based cross-border payment project. The account says mBridge enables faster, cheaper central-bank payments using digital currencies and aims to reduce reliance on the US dollar and SWIFT. It says China, Hong Kong, the UAE and Thailand remain involved and the project is continuing.