In a new step toward strengthening its digital financial infrastructure the Pakistani government announced yesterday that it has signed a memorandum of understanding with a company affiliated with World Liberty Financial to explore the use of a US dollar-pegged stablecoin known as USD1 for cross-border digital payments.
The memorandum was signed between Pakistan’s Virtual Assets Regulatory Authority and SC Financial Technologies LLC a company described as an affiliate of World Liberty Financial—a digital finance project backed by the family of former U.S. President Donald Trump. Under the agreement both parties will work alongside the State Bank of Pakistan to integrate the stablecoin into a regulated digital payments framework, operating in parallel with the country’s developing national digital currency infrastructure.
The signing took place during a visit by World Liberty Financial CEO Zach Witkoff to Pakistan where he met with senior officials to discuss the technical foundations of digital payments cross-border settlement systems and foreign exchange mechanisms within a secure regulatory environment.
Officials stated that this move represents one of the first publicly announced partnerships between a global digital finance platform and a sovereign state, highlighting the growing international interest in stablecoins as tools to improve cross-border payments and reduce transaction costs.
My personal opinion:
I believe this agreement reflects a significant shift in how emerging markets are approaching modern financial technology. Pakistan which relies heavily on remittances from abroad could directly benefit from stablecoin adoption—not only by facilitating faster payments but also by lowering costs and expanding financial inclusion. Entering this space early may also position the country more competitively in the global digital finance landscape.
📌 Main source : https://www.reuters.com/business/finance/pakistan-partner-with-world-liberty-financial-dollar-linked-stablecoin-source-2026-01-14/
