Pakistan, Trump-Linked WLFI Firm Sign Agreement to Explore Cross-Border Payments – Reuters
Pakistan reportedly has partnered with the Trump family-linked World Liberty Financial affiliate to discover stablecoin fee rails, Reuters reported Wednesday.
A supply concerned with the deal informed the publication that each events have signed an settlement, marking the primary publicly introduced deal between a sovereign state and a crypto challenge.
Sources didn’t present additional particulars concerning Pakistan’s cope with SC Financial Technologies, a World Liberty-linked firm. Further particulars are anticipated to be launched by Pakistan on Wednesday following World Liberty CEO Zach Witkoff’s go to to Islamabad.
Pakistan Eyes USD1 Stablecoin Integration
Per the settlement, WLF and Pakistan’s central financial institution will work to combine the USD1 stablecoin right into a digital funds construction. The stablecoin will function alongside Pakistan’s crypto infrastructure.
WLFI and the Pakistan Crypto Council signed a Letter of Intent (LOI) in April final 12 months to promote blockchain adoption and enhance DeFi progress. The partnership focused increasing stablecoin use for remittances and commerce.
The present settlement comes at a time when USD1 stablecoin has surged past $3.5 billion in circulating supply. The stablecoin maintains a $1 peg and is deployed throughout a number of blockchains, with the most important share on BNB Smart Chain.
Besides, the World Liberty challenge noticed a pointy enhance in income for the Trump Organization within the first half of 2025. It has now filed for a US national banking charter in a transfer to carry its dollar-linked stablecoin deeper contained in the regulatory perimeter.
Additionally, Pakistan has additionally accelerated efforts to formalize its digital asset ecosystem over the previous 12 months. The nation established Pakistan Virtual Assets Regulatory Authority, permitting main exchanges like Binance and HTX to function regionally. Besides, it signalled plans to build a Bitcoin reserve.
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