Saudi Arabia exits China-backed mBridge CBDC project: FT

Crypto Insight Summary: Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Saudi Arabia's exit from mBridge has minimal impact on crypto markets as the project is still in development and lacks mainstream adoption.