China's mBridge builds a new channel for cross-border settlement

mBridge News Updates From China

Translated from Chinese

h/t @EFBullion

Recently, multilateral central bank digital currencies mBridge (hereinafter referred to as "Currency Bridge") project business in ICBC Zhejiang Xiaoshan Branch was the first to implement the application, achieving a breakthrough in the bank's cross-border transactions in currency bridges.

　　It is reported that the cur…