Key facts
- Macau joined the Project mBridge cross-border central bank digital currency settlement platform.
- Eleven banks in Macau are the first participating institutions.
- The Monetary Authority of Macau completed system integration with Project mBridge.
- Participating banks can conduct transactions on the platform starting Tuesday.
Project mBridge is a joint initiative by the central banks of Hong Kong, Macau, Singapore, and Thailand, aimed at exploring the use of central bank digital currencies (CBDCs) for cross-border wholesale payments. By enabling faster, cheaper, and more efficient cross-border transactions, the project seeks to improve international payment systems.