Saudi Arabia Exits China-Led mBridge as Riyad Bank Explores Ripple

TLDR: Saudi Arabia ended its mBridge proof of concept on May 13, 2025, after joining as a full participant in 2024. Riyad Bank’s Jeel unit is exploring Ripple for payment corridors, digital asset custody, and tokenization. Neither SAMA nor Jeel has linked the mBridge exit to XRP, RLUSD, or a replacement cross-border payment plan. SAMA [...]

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