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In a pivotal announcement, Saudi Arabia Joins CBDC Project mBridge. Taylor Kenney breaks it all down in a move that signals a significant challenge to the US dollar’s dominance, particularly in the oil market, traditionally upheld by the petrodollar system since established in 1972. Project mBridge, which excludes US dollar transactions, could catalyze a shift in global currency reserves, undermining the dollar’s demand and exacerbating US debt.
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