The UAE has completed its first-ever national digital currency transaction through the mBridge platform, marking a major milestone in the country’s digital economy strategy. The Central Bank of the UAE, in collaboration with the Ministry of Finance and Dubai’s Department of Finance, successfully executed the pilot transaction in under two minutes.
The Digital Dirham aims to revolutionize payment systems by enabling faster, more secure, and cost-efficient cross-border transactions. Officials say this move positions the UAE as a regional leader in central bank digital currency (CBDC) innovation and fintech adoption. The launch reinforces the nation’s commitment to financial modernization and supports the GCC’s broader goal of developing advanced, blockchain-based financial ecosystems.
