mBridge

I saw recently the BRICS is thinking of a crating a new international payment system that is inspired by mBridge.

I also see that mBridge is compatible with the Ethereum Virtual Machine, which is a decentralised vurtual environment that executes code across all Ethereum nodes.

I also see that it uses an Ethereum compatible DLT network. Possibly the same thing as above.

Could someone explain to me how mBridge uses Ethereum and if this will impact the price of the coin.

Thanks for any help (I am not well versed with crypto)