Pakistan has entered an early-stage agreement with a crypto firm connected to World Liberty Financial — a digital asset venture associated with the family of US President Donald Trump — to explore the use of a US dollar–pegged stablecoin for payments and cross-border transactions.
According to a Reuters report published Wednesday, the deal involves SC Financial Technologies, a little-known entity linked to World Liberty Financial. The partnership marks one of the first publicly disclosed instances of a sovereign government engaging with a crypto project tied to Trump-affiliated interests.
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People familiar with the arrangement said the collaboration would see World Liberty Financial work with Pakistan’s central bank to test the integration of its USD1 stablecoin within a regulated digital payments framework.
The initiative is expected to focus on cross-border use cases, including remittances, while operating alongside Pakistan’s developing digital currency infrastructure.
Neither party disclosed financial terms or implementation timelines, and details surrounding SC Financial Technologies remain limited.
Formal announcement expected during Islamabad visit
Pakistan is expected to formally announce the agreement later Wednesday during a visit to Islamabad by World Liberty Financial CEO Zach Witkoff, according to the report.
World Liberty Financial has drawn growing attention in global crypto markets. In May last year, Abu Dhabi–backed investment firm MGX used the company’s USD1 stablecoin to facilitate the purchase of a $2 billion equity stake in Binance, the world’s largest crypto exchange.
More recently, World Liberty launched World Liberty Markets, an onchain lending and borrowing platform built around the USD1 stablecoin and its WLFI governance token. The protocol allows users to post collateral such as Ether, tokenized Bitcoin and major stablecoins, positioning USD1 at the center of a broader decentralized finance ecosystem.
Pakistan accelerates push toward crypto-friendly policies
The potential stablecoin partnership fits into Pakistan’s broader effort to position itself as a regional hub for digital assets and blockchain innovation.
Over the past year, the country has moved to formalize its crypto sector by creating the Pakistan Virtual Assets Regulatory Authority, granting operational approval to major exchanges such as Binance and HTX, and exploring initiatives ranging from Bitcoin reserves to real-world asset tokenization.
Officials have framed these efforts as part of a strategy to attract foreign investment, modernize financial infrastructure and increase access to global liquidity — particularly for remittances, which remain a critical pillar of Pakistan’s economy.