Key Takeaways
- Pakistan is working with SC Financial Technologies, a firm affiliated with World Liberty Financial, to examine integrating the USD1 stablecoin into its regulated digital payments framework.
- The MoU formalizes discussions, knowledge sharing, and technical collaboration, allowing regulators and policymakers to assess feasibility, risks, and compliance requirements before any implementation.
Pakistan has signed a memorandum of understanding (MoU) with SC Financial Technologies, an affiliate of World Liberty Financial (WLFI), following a meeting between Prime Minister Muhammad Shehbaz Sharif and a WLFI delegation led by CEO Zachary Witkoff.
The agreement focuses on developing technical dialogue and expertise around secure, transparent digital finance systems, including cross-border payments and exchange mechanisms.
Under the MoU, the two sides will examine how emerging digital payment architectures, including WLFI’s flagship stablecoin USD1, could be integrated into Pakistan’s financial infrastructure in a regulated manner.
The move supports Pakistan’s wider Digital Pakistan vision to boost financial inclusion, streamline payments, and link the country more closely to global digital finance networks.
Last April, the Trump-backed project formed a partnership with the Pakistan Crypto Council to advance blockchain and decentralized finance in Pakistan.
The collaboration targets the development of regulatory sandboxes for blockchain financial products, tokenization of assets, expansion of stablecoin uses, and strategic advisory on blockchain infrastructure.
Source: https://cryptobriefing.com/world-liberty-signs-mou-pakistan-study-stablecoin-use-cross-border-payments/
