1. Central Bank Digital Currency (CBDC) ๐Ÿฆ

The Saudi Central Bank (SAMA) is already testing what is known as the "digital riyal", but within a limited scope:

  • Project Aber: The beginning was a successful experiment with the United Arab Emirates to test payment settlement between banks using "blockchain" technology ๐Ÿ”—.

  • Project mBridge: The Kingdom has officially joined this global project (which includes China, the UAE, and Thailand) to test digital currencies in international trade operations ๐ŸŒ.

  • Current goal: The current focus is on "Wholesale", meaning using major banks and financial institutions to speed up transfers and reduce costs ๐Ÿ’ธ, and not for daily use by individuals in stores (for now) ๐Ÿ›’.

2. Stablecoins โš–๏ธ

A new trend has recently emerged (late 2025 and early 2026) towards adopting stablecoins linked to the riyal or dollar, to be used in specific sectors such as real estate financing and attracting foreign investments ๐Ÿ—๏ธ, to facilitate rapid purchasing and digital documentation processes โšก.

3. Will it be available to everyone soon? ๐Ÿค”

  • There is no specific date: The Saudi Central Bank adopts a policy of "caution and care" to ensure financial stability and protect users from fraud ๐Ÿ›ก๏ธ.

  • Digital transformation: Saudi Arabia has made a huge leap in digital payments (Mada, Apple Pay) ๐Ÿ“ฑ, as Vision 2030 aims to reach a cashless society by 70%, paving the way technically for any upcoming digital currency ๐Ÿš€.

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