Honestly, the whole Saudi-mBridge thing? I think people are reading too much geopolitical drama into it.
Look, multi-CBDC platforms sound sexy on paper. But in practice? They tend to collapse into single or dual-currency setups pretty fast. And once that happens, you're basically just adding complexity for bragging rights.
Bilateral connections end up being cleaner, cheaper, and way more efficient. No middleman platform, no coordination headaches, just two parties doing their thing.
The Saudis probably ran the numbers and realized there's no real edge here beyond looking innovative at conferences. Sometimes the boring answer is the right one — not everything is a geopolitical chess move.
Look, multi-CBDC platforms sound sexy on paper. But in practice? They tend to collapse into single or dual-currency setups pretty fast. And once that happens, you're basically just adding complexity for bragging rights.
Bilateral connections end up being cleaner, cheaper, and way more efficient. No middleman platform, no coordination headaches, just two parties doing their thing.
The Saudis probably ran the numbers and realized there's no real edge here beyond looking innovative at conferences. Sometimes the boring answer is the right one — not everything is a geopolitical chess move.
