The mBridge cross-border payment network is transforming the application landscape of central bank digital currencies. This multi-currency settlement platform enables real-time cross-border transfers using digital currencies by removing intermediary steps—no longer relying on the SWIFT system. According to Reuters, the platform has processed over $55 billion in transactions, involving more than 4,000 transfers. More notably, 95% of the settlements used China's Digital Renminbi. Several central banks have already joined this ecosystem, marking a new era of transformation in global payment infrastructure.