Pakistan Partners With World Liberty Financial to Pilot USD1 Stablecoin for Cross-Border Payments
Pakistan has signed a memorandum of understanding with a agency linked to World Liberty Financial (WLF) to discover the usage of its USD1 stablecoin.
The settlement represents one of many first publicly introduced collaborations involving WLF, and it comes as ties between Pakistan and the United States present indicators of warming.
Details From the Agreement
According to a Reuters report, the Pakistan Virtual Asset Regulatory Authority signed the settlement with SC Financial Technologies, an entity affiliated with WLF. The regulator defined that the memorandum is supposed to assist dialogue and technical understanding round rising digital cost architectures.
Under the settlement, SC Financial Technologies will work with Pakistan’s central financial institution to discover integrating the USD1 stablecoin right into a regulated digital funds construction, in accordance to a supply concerned within the deal. This would enable the token to operate alongside the nation’s digital forex infrastructure.
Zach Witkoff, the chief government of WLF and SC Financial Technologies, made the announcement throughout a go to to Pakistan. While there, he met with senior native stakeholders to focus on digital cost techniques, cross-border settlement, and overseas trade processes.
SC Financial Technologies is registered in Delaware and co-owns the USD1 stablecoin model with U.S. President Donald Trump’s household’s crypto enterprise, primarily based on documentation associated to the stablecoin’s reserves from July 2025.
Commenting on the settlement, Pakistan’s Finance Minister Muhammad Aurangzeb mentioned, “Our focus is to keep forward of the curve by participating with credible international gamers, understanding new monetary fashions, and making certain that innovation, the place explored, is aligned with regulation, stability, and nationwide curiosity.”
Pakistan’s Digital Strategy
Stablecoins have skilled fast growth within the final 12 months, partially due to the United States passing the GENIUS Act, a federal legislation that set clear guidelines for dollar-backed digital property. The regulatory readability has inspired different international locations to assess how they may very well be used inside their very own monetary techniques.
USD1 launched on Ethereum and Binance’s BNB Chain in March 2025, and went reside on DWF Labs’ market maker platform simply over two months later. World Liberty lately proposed utilizing up to 5% of its unlocked native WLFI tokens, valued at round $120 million on the time, to increase the asset’s progress. This got here after the stablecoin flexed its rising stature within the international monetary area when the state-controlled Abu Dhabi Investment firm MGX used it to purchase a $2 billion stake in Binance.
Meanwhile, Pakistan has additionally been advancing its personal digital forex efforts because it seeks to cut back money utilization and enhance cross-border funds resembling remittances, that are a key supply of overseas trade. In July final 12 months, the central financial institution governor mentioned the nation was making ready to launch a CBDC pilot and was finalizing laws to regulate digital property.
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