Analyst: The Bank of Thailand increases gold reserves to promote a de-dollarization trading system driven by CBDC

ChainCatcher news, according to Bitcoin.com, gold market analyst Jan Nieuwenhuijs stated that the Bank of Thailand's continuous purchases of gold may indicate that the country is preparing to use the CBDC cross-border settlement project mBridge to address the imbalances in the CBDC-dominated trading system.

The analyst noted that just days before the release of the minimum viable product (MVP) of mBridge, China and Thailand signed a bilateral currency trading cooperation framework, with China and Thailand being two of the first members of the mBridge platform.