The cross-border CBDC project Mbridge has entered the Minimum Viable Product (MVP) stage

ChainCatcher news, according to Bitcoin.com, the cross-border central bank digital currency (CBDC) trading platform Project Mbridge has entered the minimum viable product (MVP) stage, and its infrastructure now has basic functionalities.

According to a press release from the Bank for International Settlements (BIS), the project began its pilot in 2021 in collaboration with the Bank of Thailand, the Central Bank of the United Arab Emirates, the People's Bank of China (PBOC), and the Hong Kong Monetary Authority (HKMA), and is now ready for intermediate actual value transactions.