Pakistan reaches cooperation agreement with World Liberty Financial to explore USD1 stablecoin cross-border payment applications

SundayDegen · 2026-01-21T01:29:40+00:00

The Pakistani government has signed a Memorandum of Understanding with SC Financial Technologies to explore the application of the USD stablecoin USD1 in cross-border payments. This is the first time a sovereign nation has partnered with a crypto project, aiming to promote digital financial innovation and integrate USD1 into the national payment system. Pakistan is accelerating the development of its digital asset ecosystem, demonstrating its ambition in the global digital economy.

SundayDegen

2026-01-21 01:29:40

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Source: TokocryptoBlog Original Title: Pakistan Partners with Trump-Related Crypto Project for USD1 Stablecoin Original Link: The Pakistani government officially signed a memorandum of understanding (MoU) with SC Financial Technologies, an affiliate of World Liberty Financial related to former U.S. President Trump, aimed at testing the application of the USD1 stablecoin in cross-border payment systems.

According to sources directly involved in the agreement, this is the first publicly announced cooperation between a sovereign nation and a cryptocurrency project. Further details of the agreement will be released after World Liberty Financial CEO Zach Witkoff visits Islamabad.

Pakistan and World Liberty Establish Partnership

In the official announcement, World Liberty Financial stated that it has signed an MoU with the Pakistani Ministry of Finance to explore digital financial innovation, with a focus on utilizing stablecoins for cross-border transactions.

Under the agreement, World Liberty Financial will collaborate with the State Bank of Pakistan to integrate the USD1 stablecoin, pegged to the US dollar, into the national digital payment infrastructure. The stablecoin will operate alongside Pakistan’s existing crypto infrastructure.

Previously, in April 2024, World Liberty Financial and the Pakistan Cryptocurrency Board signed a letter of intent to promote blockchain adoption and expand the use of stablecoins in remittances and international trade.

Reportedly, USD1 has experienced rapid growth in circulation, currently exceeding $3.4 billion. The stablecoin is available on multiple blockchains, with the largest portions on BNB Smart Chain and Ethereum.

World Liberty Project Gains Attention

The World Liberty project is reported to have contributed to revenue growth for related organizations in the first half of 2025. The company has also applied for a U.S. national banking license to oversee the USD stablecoin under regulatory supervision.

Meanwhile, Pakistan has accelerated the development of its national digital asset ecosystem over the past year. The government established the Pakistan Virtual Assets Regulatory Authority (PVARA), paving the way for large crypto exchanges like some leading trading platforms to operate legally. Pakistani authorities also hinted at plans to establish a strategic Bitcoin reserve and develop crypto mining facilities.

This move confirms Pakistan’s ambition to become a major player in the global digital economy, coinciding with increased adoption of crypto assets in developing countries.

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