According to Foresight News, the United Arab Emirates (UAE) Central Bank successfully executed its first cross-border digital dirham transfer on January 29 using the mBridge Central Bank Digital Currency (CBDC) platform. The transfer amounted to 50 million dirhams (approximately $13.6 million) and was sent to China. Since completing its pilot in September 2022, the mBridge CBDC project has undergone a year of development and officially commercialized in September 2023. Currently, the mBridge platform has attracted several commercial banks from participating countries to join and jointly promote the development of related infrastructure and technology.