ISLAMABAD: Pakistan on Wednesday signed a memorandum of understanding (MoU) with a company affiliated with World Liberty Financial, the main crypto venture linked to the family of US President Donald Trump, to explore the use of a dollar-linked stablecoin for cross-border payments, according to an official statement.
The MoU, signed through Pakistan’s finance ministry with SC Financial Technologies LLC, provides a framework for technical discussions on digital payment systems, including the potential use of World Liberty Financial’s USD1 stablecoin for international transactions, the statement circulated by Pakistan Virtual Asset Regulatory Authority (PVARA) said.
The deal represents one of the first publicly announced tie-ups between World Liberty Financial, a crypto-based finance platform launched in September 2024, and a sovereign state, as governments begin to examine the role of stablecoins in regulated payment systems.
World Liberty has fueled a sharp rise in income for the Trump family business, the Trump Organization, including from foreign entities, according to a Reuters report.
“Pakistan recognizes that the future of finance is being shaped today,” Finance Minister Muhammad Aurangzeb said, according to the statement. “Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models and ensuring that innovation, where explored, is aligned with regulation, stability and national interest.”
