Pakistan is moving closer to adopting stablecoin-based payments after signing an agreement with a company linked to World Liberty Financial (WLF), a crypto platform connected to the family of U.S. President Donald Trump. The partnership aims to explore using World Liberty’s dollar-backed stablecoin for cross-border transactions, marking a key step in Pakistan’s digital payment plans.
Under the agreement, World Liberty Financial will work with Pakistan’s central bank to integrate its USD1 stablecoin into a regulated digital payment system. The stablecoin will run alongside Pakistan’s existing and upcoming digital currency infrastructure.
The deal involves SC Financial Technologies, a lesser-known firm connected to World Liberty Financial. While full details are not yet public, Pakistan is expected to formally announce the partnership when World Liberty CEO Zach Witkoff visits Islamabad. Officials from the finance ministry and central bank have not made statements, but discussions indicate close coordination with regulators.
Stablecoins are digital tokens typically pegged to the U.S. dollar. They are popular worldwide because they are more stable than traditional cryptocurrencies. For Pakistan, stablecoins could help solve challenges in cross-border payments, especially remittances, which are a major source of foreign exchange.
Using a dollar-linked token can reduce transaction costs, speed up payments, and lower reliance on cash. Pakistan has already been preparing for digital finance reforms, including piloting a central bank digital currency (CBDC) and drafting rules for virtual assets.
The deal comes as U.S. regulations around stablecoins become more supportive, encouraging wider global adoption. World Liberty Financial has already handled large international transactions. In 2025, Abu Dhabi-based MGX reportedly used its stablecoin to acquire a $2 billion stake in Binance.
If completed, this partnership would make Pakistan one of the first countries to use stablecoins at a national level. It highlights the growing interest in digital payments modernization and shows how emerging markets are looking to blockchain solutions to improve their financial systems.
Stablecoins can cut remittance costs, speed up international transfers, improve dollar access, and support Pakistan’s broader digital finance goals.
No. The USD-backed stablecoin will run alongside existing systems and future CBDC plans, not replace the Pakistani rupee.
World Liberty Financial is connected to Trump’s family members, but the project operates as a private crypto platform, not a U.S. government initiative.
There is no fixed date yet. A formal announcement is expected after regulatory reviews and World Liberty’s leadership visit to Islamabad.
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