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You Won’t Believe What Happens When the Nerds of Finance Finally Get Their Act Together – US Dollar in Shambles

A stylized globe with a cracked dollar bill in shambles at its center, surrounded by chaotic financial symbols and wires, as people from different regions ( ASEAN, China, UAE) gather around a large Mbridge platform, symbolizing the shift towards cross-border payments and CBDCs. In the background, Lu Lei stands on stage, addressing an audience of global finance leaders.

Mbridge is like a high school nerd who’s suddenly discovered they’re actually popular – but only if you agree to do their homework for them.

Source: bitcoin.com

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain geopolitical and regulatory balance. Lu Lei, deputy governor of the People’s Bank of China (PBOC), […]

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