Stablecoins & Payments
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Senior English Editor
Pakistan has signed an agreement with a firm connected to World Liberty Financial (WLF) — the primary crypto business of former U.S. President Donald Trump’s family — to explore the use of WLF’s USD-pegged stablecoin for cross-border payments, a source involved in the deal confirmed on Wednesday, according to Reuters.
The partnership marks one of the first publicly disclosed collaborations between World Liberty — a crypto finance platform launched in September 2024 — and a sovereign state. It also comes amid strengthening ties between Pakistan and the United States.
Under the agreement, WLF will work closely with Pakistan’s central bank to integrate its USD1 stablecoin into a regulated digital payments structure, allowing the token to operate alongside Pakistan’s existing digital currency systems, the source said.
Details on the partnership with SC Financial Technologies, a lesser-known entity linked to World Liberty, remain limited. Pakistan is expected to formally announce the deal during a visit by WLF CEO Zach Witkoff to Islamabad on Wednesday.
Stablecoins — digital tokens typically pegged to the U.S. dollar — have grown significantly in value and adoption over recent years. During the Trump administration, the United States introduced federal regulations viewed as supportive of the stablecoin sector. Countries worldwide are increasingly exploring the role of stablecoins in payments and national financial systems.
World Liberty has contributed to a notable increase in revenue for the Trump Organization, including from foreign sources, Reuters reported in October 2025. In a related move last May, MGX, a state-owned investment company in Abu Dhabi, used the World Liberty stablecoin to acquire a $2 billion equity stake in Binance, one of the world’s largest cryptocurrency exchanges.
Pakistan is actively positioning itself as a hub for digital finance innovation. The country has taken multiple steps in recent months to formalize its engagement with blockchain, digital assets, and fintech, driven by high adoption rates, regulatory initiatives, and international partnerships:
Pakistan has opened doors to global crypto firms to apply for licenses under its Virtual Assets Regulatory Authority (PVARA) and is working to establish clearer regulatory frameworks for virtual asset service providers.
High‑level talks with DAMAC delegation on blockchain, tokenization, and AI collaboration underscore Islamabad’s push into broader digital technology partnerships.
Industry voices have suggested that Pakistan’s rapid regulatory and adoption momentum could position it as a global crypto leader by 2030, reflecting confidence from the private and public sectors.
Pakistan’s engagement with World Liberty Financial highlights the country’s ambitious digital finance strategy, which balances innovation with regulatory structure and international collaboration. Exploring the use of a regulated stablecoin for cross‑border payments fits within this strategy, especially given Pakistan’s efforts to reduce reliance on traditional banking rails and bolster remittance efficiency.
In recent months, Pakistan has also pursued tokenization of sovereign assets and broader regulatory licensing efforts. These steps, combined with stablecoin integration, could enhance financial inclusion and cross‑border transaction capabilities.
As stablecoins and digital finance evolve globally, Pakistan’s willingness to partner with international firms, including those connected to major crypto players, signals its intent to remain at the forefront of digital asset adoption in emerging markets.
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