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Pakistan Partners with Trump-Linked USD1

Published by
Sohrab Khawas

Pakistan has signed an MOU with SC Financial Technologies, affiliated with the Trump family’s World Liberty Financial, to pilot the USD1 stablecoin, pegged one-to-one to the U.S. dollar, within its payment system. The central bank aims to accelerate $30 billion in annual remittances while cutting high fees. Set for an official announcement in Islamabad, this is one of the first sovereign partnerships for the DeFi platform, launched in September 2024 by Donald Trump Jr. and Eric Trump, advancing Pakistan’s digital finance initiatives.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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