Pakistan Prepares to Launch its First Stablecoin to Support its Digital Transition
Pakistan is making a decisive MOVE into digital finance with plans to launch its first national stablecoin. The initiative, spearheaded by the PVARA and federal institutions, aims to modernize the economy, bolster public debt, and enhance financial inclusion. Bilal Bin Saqib, president of the PVARA, emphasizes stablecoins as a pragmatic tool for stabilizing the digital economy while integrating underserved populations.
The project aligns with broader ambitions to regulate digital assets, adopt central bank digital currencies, and explore Bitcoin mining. Pakistan seeks to position itself as a leader among emerging markets in the tokenized economy.