On June 19, gold market analyst Jan Nieuwenhuijs said that the continuous purchase of gold by the Bank of Thailand may indicate that the country is preparing to use the CBDC cross-border settlement project mBridge to address the imbalance of the CBDC-dominated trading system. Analysts said that the release of the minimum viable product (MVP) by mBridge comes just days after China and Thailand signed a bilateral cooperation framework for local currency transactions. China and Thailand are the two first members of the mBridge platform.