Pakistan officially partners with World Liberty Financial to explore USD1 stablecoin

Source: TokocryptoBlog Original Title: Pakistan Partners with Trump-Related Crypto Project for USD1 Stablecoin Original Link: https://news.tokocrypto.com/pakistan-gandeng-proyek-kripto-terkait-trump-untuk-stablecoin-usd1/ The Pakistani government officially signed a memorandum of understanding (MoU) with SC Financial Technologies, an affiliate of World Liberty Financial, to test the use of a US dollar stablecoin called USD1 within cross-border payment systems.

According to sources directly involved in the agreement, this collaboration marks the first publicly announced deal between a sovereign nation and a cryptocurrency project. Further details of the agreement are scheduled to be announced after the visit of World Liberty Financial CEO, Zach Witkoff, to Islamabad.

Pakistan Partners with World Liberty

In an official announcement, World Liberty Financial stated that it has signed an MoU with the Pakistani Ministry of Finance to explore digital financial innovation, with a primary focus on utilizing stablecoins for cross-border transactions.

Through this agreement, World Liberty Financial will collaborate with Pakistan’s central bank to integrate the USD1 stablecoin, pegged to the US dollar, into the national digital payment infrastructure. This stablecoin will operate alongside Pakistan’s existing crypto infrastructure.

Previously, in April 2024, World Liberty Financial and the Pakistan Crypto Council also signed a Letter of Intent to promote blockchain adoption and expand the use of stablecoins in remittances and international trade.

USD1 has experienced rapid growth in circulating supply, now exceeding a value of USD 3.4 billion. The stablecoin is available on several blockchains, with the largest portions on BNB Smart Chain and Ethereum.

World Liberty Project Gains Attention

The World Liberty project is reported to have contributed to a surge in revenue for the Trump Organization in the first half of 2025, according to financial disclosure reports. The company has also applied for a national banking license in the United States to place the dollar-based stablecoin under regulatory oversight.

Meanwhile, Pakistan has accelerated the development of its national digital asset ecosystem over the past year. The government has established the Pakistan Virtual Assets Regulatory Authority (PVARA), paving the way for major crypto exchanges to operate legally. Pakistani authorities have also hinted at plans to create a strategic Bitcoin reserve and develop crypto mining facilities.

This move underscores Pakistan’s ambition to become a major player in the global digital economy amid increasing adoption of cryptocurrencies by developing countries.