- Pakistan has signed an agreement with a firm tied to the crypto venture World Liberty Financial to explore using its USD1 stablecoin for cross-border payments.
- The deal involves SC Financial Technologies and aims to integrate the stablecoin into a regulated digital payments framework with the country’s central bank.
- Details of the agreement and background on SC Financial Technologies were not disclosed.
- A formal announcement is expected during a planned visit by Zach Witkoff, chief executive of World Liberty Financial, to Islamabad.
- World Liberty has been used in large transactions, and its USD1 stablecoin has a market cap of about $3.4 billion, per CoinMarketCap.
Pakistan has signed an agreement with a company linked to World Liberty Financial to explore using its USD1 stablecoin for cross-border payments, a source said, with a formal announcement expected during a visit by World Liberty’s CEO to Islamabad. The arrangement involves SC Financial Technologies and coordination with Pakistan’s central bank to integrate the token into a regulated digital payments framework.
Under the plan, the stablecoin would operate alongside Pakistan’s developing digital currency infrastructure and could support remittances and other cross-border transactions. Specific terms of the agreement were not disclosed, and public information about SC Financial Technologies is limited.
The expected announcement will coincide with the visit of Zach Witkoff to Pakistan, the source added, and officials may provide further details at that time. Reported background notes that World Liberty Financial has been involved in large onchain transactions.
In 2025, a state-backed Abu Dhabi investor, MGX, used the stablecoin to help buy a roughly $2 billion equity stake in Binance. World Liberty also launched an onchain lending and borrowing platform, World Liberty Markets, built around the USD1 token and the WLFI governance token, which accepts crypto collateral such as Ether and tokenized Bitcoin.
Pakistan has been advancing a digital finance agenda by establishing a virtual assets regulator, permitting major exchanges to operate locally, building a Bitcoin reserve, and exploring tokenization to attract foreign investment. Read the editorial policy for more on reporting standards at editorial policy.
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