Islamabad: Pakistan has signed a memorandum of understanding (MoU) with SC Financial Technologies LLC, a company affiliated with World Liberty Financial, to explore cooperation in digital payment systems and emerging financial technologies, including the possible use of a US dollar–linked stablecoin for cross-border transactions.
According to an official statement issued by the Pakistan Virtual Asset Regulatory Authority (PVARA), the MoU was signed through the Ministry of Finance in Islamabad. The agreement establishes a framework for technical discussions on digital payments, transparency, and financial innovation, while keeping all potential developments under regulatory supervision.
World Liberty Financial is a crypto venture linked to the business network of former US President Donald Trump. The company issues a dollar-pegged stablecoin known as USD1, designed to maintain a one-to-one value with the US dollar. Unlike highly volatile cryptocurrencies, stablecoins are increasingly being assessed by governments worldwide as tools for faster and more efficient cross-border payments.
Pakistani officials clarified that the MoU does not authorize the immediate adoption of any digital currency. Instead, it allows authorities to study new financial models, assess risks, and explore regulatory frameworks before any policy decision is taken.
Finance Minister Muhammad Aurangzeb said Pakistan aims to stay ahead of global financial trends by engaging with credible international partners. He emphasized that innovation must align with national interest, financial stability, and regulatory safeguards.
The agreement marks one of the first publicly announced engagements between World Liberty Financial and a sovereign state, as governments explore the role of stablecoins in regulated payment systems. A recent Reuters report noted that World Liberty Financial has contributed to rising revenues linked to the Trump family’s broader business interests.
Separately, Pakistan’s military confirmed that a delegation from World Liberty Financial USA, led by its chief executive Zachary Witkoff, met with Asim Munir, the Chief of Army Staff, in Islamabad. The meeting focused on Pakistan’s economic outlook, investor confidence, and the potential role of fintech in financial inclusion and cross-border digital finance.
The delegation also met Prime Minister Shehbaz Sharif in Islamabad, where discussions focused on Pakistan’s digital economy, regulatory oversight, and potential cooperation in fintech and cross-border digital payments.
Pakistan has been accelerating efforts to regulate its digital asset sector and modernize its financial system. Authorities are also working on legislation to govern virtual assets and preparing pilot initiatives for digital currency projects, particularly to improve remittances, a major source of foreign exchange for the country.
