ISLAMABAD: Pakistan on Wednesday signed a memorandum of understanding (MoU) with a company affiliated with World Liberty Financial, the main crypto venture linked to the family of US President Donald Trump, to explore the use of a dollar-linked stablecoin for cross-border payments, according to an official statement.
The MoU, signed through Pakistan’s finance ministry with SC Financial Technologies LLC, provides a framework for technical discussions on digital payment systems, including the potential use of World Liberty Financial’s USD1 stablecoin for international transactions, a statement circulated by the Pakistan Virtual Asset Regulatory Authority (PVARA) said. USD1 is a digital token designed to maintain a one-to-one value with the US dollar issued by World Liberty Financial, a crypto firm linked to the Trump family’s business network. Unlike volatile cryptocurrencies, stablecoins are intended to be backed by dollar assets and are increasingly being examined by governments as potential tools for faster cross-border payments. Pakistani officials said the MoU does not authorize adoption but creates a framework to study such technologies under regulatory oversight.
The deal represents one of the first publicly announced tie-ups between World Liberty Financial and a sovereign state, as governments begin to examine the role of stablecoins in regulated payment systems.
World Liberty has fueled a sharp rise in income for the Trump family business, the Trump Organization, including from foreign entities, according to a Reuters report.
“Pakistan recognizes that the future of finance is being shaped today,” Finance Minister Muhammad Aurangzeb said, according to the statement. “Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models and ensuring that innovation, where explored, is aligned with regulation, stability and national interest.”
The MoU signing comes amid warming ties between Pakistan and the United States.
World Liberty Financial’s engagement with Pakistan follows earlier contacts between the company and Pakistani institutions, including a letter of intent signed in April with the Pakistan Crypto Council to facilitate knowledge-sharing on emerging financial technologies.
Separately, Pakistan’s military said a delegation from World Liberty Financial USA, led by its chief executive Zachary Witkoff, also met on Wednesday with Asim Munir, the country’s army chief and chief of defense staff.
According to a statement from the military’s media wing, the meeting discussed Pakistan’s economic landscape, investor confidence and the potential for fintech-driven financial inclusion and cross-border digital finance. Munir reaffirmed Pakistan’s commitment to economic stability and to providing an environment conducive to responsible private-sector investment, the statement said.
Pakistan has stepped up efforts to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.
The country also wants to improve cross-border payments, including remittances, a key source of foreign exchange, with the central bank saying it is preparing a pilot for a digital currency and finalizing legislation to regulate virtual assets.










