China, Thailand, Hong Kong, and the UAE are collaborating to develop mBridge, a multi-CBDC bridge, that promises cross-border settlement in seconds rather than days.
Although the deal has potential to ease trade tensions, a failure to effectively implement it might actually lead to further damage to the U.S.-China relationship.
As interest rates rise, treasury teams should re-evaluate cash forecasting models to be sure they fully understand the risk associated with a pursuit of higher returns.
