Pakistan Explores Trump-Linked Stablecoin for Cross-Border Payments

Pakistan is considering the integration of a USD1 stablecoin issued by World Liberty Financial, a decentralized finance protocol with ties to the TRUMP family, into its regulated digital payment system. The State Bank of Pakistan (SBP) has reportedly entered into a partnership with SC Financial Technologies to facilitate this initiative, aiming to streamline international transactions such as remittances.

Details of the agreement remain undisclosed, with sparse public information available about SC Financial Technologies' operations. The MOVE marks one of the first publicly acknowledged collaborations between a government and a crypto venture linked to the Trump family, drawing significant attention and debate.

The stablecoin is designed to operate within Pakistan's new digital currency framework, though specific terms of the deal have not been revealed. The lack of transparency has raised questions about the implications and execution of this unconventional partnership.