Pakistan taps Trump-linked crypto firm for stablecoin payments deal: Report

Pakistan has signed an agreement with SC Financial Technologies, a firm linked to Trump-backed World Liberty Financial, to explore using its USD1 stablecoin for payments.

Pakistan has reportedly signed an agreement with a company connected to World Liberty Financial, the crypto venture linked to the family of US President Donald Trump, to explore the use of its dollar-pegged stablecoin for cross-border payments.

The agreement involves SC Financial Technologies, a little-known company linked to World Liberty Financial, and marks one of the first publicly known partnerships between Trump-linked crypto ventures and a sovereign state, Reuters reported on Wednesday, citing a source familiar with the matter.

Under the arrangement, World Liberty Financial will collaborate with Pakistan’s central bank to integrate its USD1 stablecoin into a regulated digital payments framework. The token would operate alongside Pakistan’s emerging digital currency infrastructure, potentially supporting cross-border transactions such as remittances, the source told Reuters.

Read more