Odaily Planet Daily News The Central Bank of the United Arab Emirates announced that it used the mBridge Central Bank Digital Currency (CBDC) platform to conduct the first cross-border digital dirham transfer, a total of 50 million dirhams (13.6 million U.S. dollars). Border CBDC transfers are sent to China using the CBDC mBridge platform. It is reported that the CBDC mBridge project has completed the pilot in September 2022 and will be put into commercial use one year later in September 2023. Currently, the mBridge platform has joined a number of commercial banks from each participating member country to engage in infrastructure and Technical work.