On June 7, the cross-border central bank digital currency (CBDC) trading platform Project Mbridge has entered the minimum viable product (MVP) stage, and its infrastructure is now fully functional. According to a press release issued by the Bank for International Settlements (BIS), the project, which began piloting in 2021 in collaboration with the Bank of Thailand, the Central Bank of the United Arab Emirates, the People's Bank of China (PBOC), and the HKMA (HKMA), is now ready for intermediate real value transactions.