UAE CBDC Makes History: First Real-World Transaction Completed in Under Two Minutes

The United Arab Emirates (UAE) has taken a crucial step forward in its transition to a digital financial system as its central bank digital currency (CBDC) pilot successfully completed its first real-world transaction. This milestone saw the transaction finalized within just two minutes, highlighting the potential speed and efficiency of this technology. implemented using mBridge, a multi-central bank CBDC infrastructure that facilitates rapid transactions without intermediaries.