As part of the experiment, several central banks participated in the mBridge project, a multi-CBDC platform for international payments.
platform. The 20 participating commercial banks used the platform to settle different kinds of payments for corporate customers, focusing on cross-border trade. Over $12 million in value was issued onto the platform facilitating over 160 cross-border payments and FX transactions totaling more than $22 million in value,” the post said.
Tayo Tunyathon K from Bank of Thailand, who was part of the project, termed it the world’s first pilot using real value CBDC for cross-border trade settlements. In her Linkedin post, she
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