Pakistan inks an MoU with Trump-linked World Liberty to trial USD1 dollar stablecoin in its payments stack as regulators formalize crypto rules and explore a Bitcoin reserve.
Summary
- Pakistan signs an MoU with SC Financial/World Liberty to explore USD1 stablecoin for cross-border payments with the central bank and finance ministry.
- Deal follows Pakistan’s creation of PVARA and Pakistan Crypto Council, Binance and HTX NOCs, and plans for a strategic Bitcoin reserve and mining build-out.
- USD1 has grown above $3.4B across chains like BNB Smart Chain and Ethereum, while World Liberty seeks a U.S. banking charter to tighten regulatory oversight.
Pakistan has signed an agreement with SC Financial Technologies, an affiliate of Trump family-linked World Liberty Financial, to explore stablecoin payment infrastructure, according to a source involved with the deal.
The agreement marks the first publicly announced deal between a sovereign state and a cryptocurrency project, the source said. Additional details are expected to be released by Pakistan following a visit to Islamabad by World Liberty CEO Zach Witkoff, according to sources familiar with the matter.
Pakistan and World Liberty partner
World Liberty Financial signed a memorandum of understanding with Pakistan’s Ministry of Finance to explore innovation in digital finance, particularly the use of stablecoins for cross-border transactions, according to the announcement.
Under the agreement, World Liberty Financial and Pakistan’s central bank will work to integrate a dollar-pegged stablecoin into a digital payments structure. The stablecoin will operate alongside Pakistan’s existing cryptocurrency infrastructure, according to the terms.
World Liberty Financial and the Pakistan Crypto Council signed a Letter of Intent in April 2024 to promote blockchain adoption and support decentralized finance growth. The partnership targeted expanding stablecoin use for remittances and trade, according to the agreement.
The dollar-pegged stablecoin has experienced significant growth in circulating supply, according to market data. The stablecoin maintains a peg to the U.S. dollar and is deployed across multiple blockchains, with the largest share on BNB Smart Chain.
The World Liberty project contributed to a sharp increase in revenue for the Trump Organization in the first half of 2025, according to financial disclosures. The company has filed for a U.S. national banking charter in an effort to bring its dollar-linked stablecoin under regulatory oversight.
Pakistan has accelerated efforts to formalize its digital asset ecosystem over the past year. The nation established the Pakistan Virtual Assets Regulatory Authority, which has allowed major exchanges including Binance and HTX to operate locally. Pakistani officials have also indicated plans to build a Bitcoin reserve, according to government statements.