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Sep 20, 2026

Saudi Arabia withdraws from China-led mBridge cross-border payments platform

Saudi Arabia's central bank has officially pulled out of mBridge, the China-led cross-border digital currency payment system built on central bank digital currencies and distributed ledger technology.

Sep 20, 2026·2 sources
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Jul 21, 2026

Ramp Launches Stablecoin Accounts and Bill Payment Services Using Stripe Infrastructure

Corporate finance platform Ramp has opened stablecoin accounts and payment capabilities to business clients, leveraging Stripe's stablecoin infrastructure with Bridge handling dollar conversions and Privy managing balance storage.

Jul 21, 2026·3 sources
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Jun 2, 2026

MoneyGram Launches MGUSD Stablecoin on Stellar for Cross-Border Payments

MoneyGram launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar blockchain, issued by Stripe-owned Bridge. The stablecoin will power services across MoneyGram's global network of 60 million customers and 500,000 retail locations.

Jun 2, 2026·5 sources
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Jan 1, 2019

Revolut begins rollout of EURR euro-backed stablecoin with Bridge as issuer

Revolut has started rolling out EURR, its first euro-backed stablecoin, to selected customers in three countries. Bridge serves as the regulated issuer, with €374 outstanding compared to Circle's EURC at €394.5 million.

Jan 1, 2019·1 source
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Top claims

  • ▪The China-led mBridge platform uses blockchain and distributed ledger technology to transact directly between central banks using wholesale central bank digital currencies, cutting foreign exchange transaction times and costs
  • ▪The Monetary Authority of Macau joined the mBridge platform in 2026 and launched the system in June 2026, joining remaining members China, Hong Kong, Thailand, and the United Arab Emirates
  • ▪Daleep Singh, the former White House deputy National Security Advisor for International Economics, stated in early 2025 that China could exert tremendous leverage in setting standards for the China-led mBridge platform regarding privacy, security, interoperability, and sanctions enforcement

Topics

Cross-border payoutsChina’s technology & surveillanceSaudi Arabia’s regional roleBRICS payment systems & financeBlockchain interoperabilityCentral Bank Digital Currencies (CBDCs)BRICS de-dollarization & currency initiativesPaymentsDeFi paymentsBusiness & enterprise AICrypto payments regulationStablecoinsCrypto paymentsInstitutional crypto adoptionPayment-focused coinsStablecoin regulation

Related entities

ChinaSaudi ArabiaStellar