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The Digital Dirham is UAE’s CBDC.
As outlined on their website, they’re pushing forward with this project in 3 phases:
  1. the soft launch of mBridge to facilitate real value cross-border CBDC transactions for international trade settlement
  2. proof-of concept work for bilateral CBDC bridges with India
  3. proof-of-concept work for domestic CBDC issuance covering wholesale and retail usage.
It sounds like this is their preferred path for reducing dependence on the US dollar for settling international trade, but perhaps some of the econ experts on here can correct me if i’m wrong…
760 sats \ 1 reply \ @anon 29 Jan
@kr are you willing to accept any CBDC in the future?
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679 sats \ 0 replies \ @kr OP 29 Jan
depends on the context.
are you asking i’m willing to touch it at all? like if someone on the street handed me $100 but required that i accept it as a CBDC?
or are you asking if i’d accept a requirement that i must earn all my income via a CBDC?
or are you asking something else?
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