Pakistan Signs Deal With WLFI-Linked Crypto Firm to Explore Stablecoin Payments

Pakistan has taken another major step toward digital finance by signing an agreement to explore the use of stablecoins for cross-border payments. The move reflects the country’s growing interest in blockchain technology and regulated digital currencies as it modernizes its financial system.

The agreement was signed between Pakistan’s Virtual Asset Regulatory Authority and SC Financial Technologies, a little-known company reported to be affiliated with World Liberty Financial, a crypto project linked to the family of US President Donald Trump. The partnership is structured as a memorandum of understanding and focuses on technical cooperation rather than immediate implementation.

 Exploring Stablecoins for International Payments

Under the agreement, SC Financial Technologies will work alongside Pakistan’s central bank and regulators to study how a dollar-backed stablecoin known as USD1 could be integrated into the country’s regulated payment infrastructure. The discussions will focus on compliance, security, and financial stability while assessing how blockchain-based settlement systems could support international transfers.

Officials say the goal is to explore new models for cross-border payments that are faster, more transparent, and aligned with global regulatory standards. Any future rollout would operate alongside Pakistan’s own developing digital currency initiatives rather than replacing existing systems.

 Part of a Broader Digital Finance Strategy

Pakistan’s regulators view the agreement as part of a broader effort to stay ahead of global financial innovation. Stablecoins, which are digital assets typically pegged to the US dollar, have grown rapidly in recent years as financial institutions and governments test tokenized payment solutions.

Finance Minister Muhammad Aurangzeb said Pakistan is engaging with international players to better understand emerging financial models while ensuring that any innovation remains aligned with national interests, economic stability, and regulatory oversight.

The move comes at a time when global regulators are paying closer attention to stablecoins. In the United States, recent policy developments have been viewed as supportive of the crypto sector, while countries worldwide continue to explore how digital assets can be safely incorporated into mainstream finance.

What This Means for Pakistan

If successful, the initiative could eventually help improve cross-border remittances and international settlements, areas that are particularly important for Pakistan’s economy. However, officials have emphasized that the agreement is exploratory in nature, and no final decisions have been made regarding full adoption or deployment.

also read WhatsApp Introduces New Group Chat Features to Reduce Confusion

Frequently Asked Questions

What is the purpose of the agreement Pakistan signed?

The agreement aims to explore how regulated stablecoins can be used for cross-border payments within Pakistan’s financial system.

Who is SC Financial Technologies?

SC Financial Technologies is a crypto-related firm described as an affiliate of World Liberty Financial, a project linked to the family of US President Donald Trump.

What is a stablecoin?

A stablecoin is a digital asset that is usually pegged to a traditional currency such as the US dollar to reduce price volatility.

Will Pakistan immediately start using stablecoins?

No. The agreement focuses on research and technical discussions. Any future use would require regulatory approval and further development.

How could this benefit Pakistan?

Stablecoins could potentially make international payments faster, more efficient, and more transparent if implemented under proper regulation

also read U.S. Dollar Climbs to One-Month High as Key Economic Events Approach

 Call to Action

Stay informed about Pakistan’s digital finance journey and the latest developments in cryptocurrency regulation. Follow our blog for trusted updates, in-depth analysis, and clear explanations of how global financial trends impact Pakistan’s economy.