China finds a new Gulf partner for its digital yuan push after losing Saudi Arabia

Crypto Insight Summary: China unveiled a CBDC cooperation and a 30 billion yuan currency swap memorandum of understanding (MoU) with Oman. The deals reopen inroads for Beijing’s digital yuan to penetrate into the Gulf region as the world’s second largest economy moves on roughly six weeks after news broke that Saudi Arabia had exited its flagship mBridge settlement... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Mid-term (1-8 weeks) Reasoning: Oman's digital yuan cooperation is regional CBDC diplomacy with no direct effect on crypto demand.