The most recent report reveals that the transaction scale of mBridge, China's pioneering cross-border digital currency platform, has witnessed a remarkable expansion, with the cumulative transaction volume surpassing US$55.5 billion. According to data from the Atlantic Council, a well - respected think tank based in Washington, the platform has successfully facilitated more than 4,000 cross - border transactions on behalf of central banks. These central banks include those from China, Hong Kong (China's Special Administrative Region, with its own monetary policy framework within the Chinese financial system), Thailand, the United Arab Emirates, and Saudi Arabia. This achievement underscores the concerted efforts of various nations to expedite the establishment of a global payment system and alternative financial infrastructure that is not dependent on the US dollar, aligning with the evolving trends in the international financial landscape.