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UAE Completes First Digital Dirham Transaction in CBDC Pilot

UAE Completes First Digital Dirham Transaction in CBDC Pilot

Author:

Global Cryptocurrency

Published:

2025-11-12 10:52:02

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BTCCSquare news:

The United Arab Emirates has executed its inaugural Digital Dirham transaction, advancing its central bank digital currency initiative. The transfer, processed via the mBridge platform, signals growing institutional adoption of blockchain-based settlement systems.

Dubai Finance confirmed the pilot transaction settled in under two minutes, demonstrating the technical viability of the CBDC infrastructure. The phased rollout aligns with the UAE Central Bank's roadmap outlined in July, targeting full implementation by year-end.

This milestone positions the UAE among frontrunners in sovereign digital currency development. The mBridge integration suggests future interoperability with other CBDC projects across Asia and the Middle East.

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