The Validation: SCMP reports mBridge volume surged 2,500-fold to $55B+ (Nov 2025). China just upgraded digital yuan to "digital deposit money" specifically to deepen mBridge integration. Hong Kong-UAE regulatory framework now cements "currency-fund-digital assets" cooperation . This is live sovereign infrastructure—not a pilot.
Strategic Positioning: 95% digital yuan volume. Saudi Arabia, UAE, Thailand, Hong Kong active. BIS exited; BRICS control confirmed. mBridge is the rails for China-Middle East capital flows.
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