Cross-Border Wholesale CBDC: How Project mBridge Reprices Global Foreign Exchange Settlement in 2026
"International finance and central banking analysis of multi-CBDC distributed ledger platforms, correspondent banking fee compression, and FX settlement velocity."
Disintermediating Correspondent Banking Networks
Traditional cross-border interbank transfers route through multiple correspondent intermediary banks, taking 3 to 5 business days and incurring 3% to 6% in friction costs.
The mBridge multi-CBDC platform developed alongside the Bank for International Settlements (BIS) has processed over $120 Billion in monthly trade transactions in 2026, executing atomic real-time PvP (Payment-versus-Payment) settlements in seconds directly between sovereign central bank balance sheets.
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