Pakistan Partners With World Liberty Financial for USD-Linked Stablecoin Initiative
Pakistan is advancing its digital payment infrastructure through a strategic partnership with World Liberty Financial (WLF), a crypto platform with ties to the TRUMP family. The collaboration focuses on integrating WLF's USD1 stablecoin into Pakistan's regulated payment systems, aiming to streamline cross-border transactions and bolster remittance flows.
The agreement involves SC Financial Technologies, an affiliate of WLF, working alongside Pakistan's central bank. While official announcements await CEO Zach Witkoff's visit to Islamabad, the MOVE signals growing institutional acceptance of stablecoins as tools for financial modernization.
Dollar-pegged stablecoins offer Pakistan a volatility-resistant solution for international settlements, particularly crucial for a nation where remittances constitute vital foreign exchange inflows. This development mirrors global trends of sovereign entities leveraging blockchain technology to enhance monetary efficiency.