Pakistan has signed a memorandum of understanding (MoU) with SC Financial Technologies, a company affiliated with World Liberty Financial—the main crypto business of former US President Donald Trump’s family to explore the use of stablecoins for cross-border payments.
The announcement was made by the Pakistan Virtual Asset Regulatory Authority (PVARA) on Wednesday.
Under the agreement, SC Financial Technologies will work with Pakistan’s central bank to integrate its USD1 stablecoin into a regulated digital payments system. This will allow the token to operate alongside Pakistan’s own digital currency infrastructure.
PVARA described the MoU as a step to promote “dialogue and technical understanding around emerging digital payment architectures.”
The announcement coincided with a visit to Pakistan by Zach Witkoff, CEO of SC Financial Technologies and co-founder of World Liberty.
During his visit, Witkoff met with senior Pakistani officials to discuss digital payment infrastructure, cross-border settlements, and foreign exchange processes.
Finance Minister Muhammad Aurangzeb said the collaboration reflects Pakistan’s aim to stay “ahead of the curve by engaging with credible global players” while ensuring innovation aligns with regulation, stability, and national interest.
Stablecoins, digital tokens pegged to the US dollar, have grown rapidly worldwide. Pakistan has been actively exploring digital currency projects to reduce cash usage and improve remittances, a vital source of foreign exchange.
The central bank is also preparing a pilot for a national digital currency and finalizing legislation to regulate virtual assets.
The MoU represents one of the first publicly announced tie-ups between World Liberty and a sovereign state, signaling a step forward in Pakistan’s digital financial ecosystem and its engagement with global crypto players.