The Pakistani government has finalized a memorandum of understanding with SC Financial Technologies, an affiliate of World Liberty Financial, to explore the use of the USD1 stablecoin for international transactions.
This agreement was confirmed during World Liberty CEO Zach Witkoff’s visit to Pakistan.
The Pakistani central bank and regulatory authorities will integrate the USD1 stablecoin into the nation’s regulated digital payments system alongside its own central bank digital currency infrastructure.
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The partnership marks one of the first public collaborations between a government and the World Liberty stablecoin initiative, which is backed by the US President Donald Trump’s family.
SC Financial Technologies, registered in Delaware, co-owns the USD1 stablecoin with World Liberty. Zach Witkoff, as both CEO of SC Financial and co-founder of World Liberty, met with high-level Pakistani stakeholders to discuss integrating the digital token into the existing digital payments architecture.
This agreement coincides with policy efforts in Pakistan. The central bank is preparing to pilot a national digital currency and finalize regulations for virtual assets.
These steps aim to modernize payments, reduce reliance on cash, and enhance regulatory oversight.
Finance Minister Muhammad Aurangzeb emphasized the government’s strategy to engage with credible global actors while ensuring innovation aligns with regulation, stability, and national interest.
World Liberty Financial suggested allocating 5% of its WLFI token treasury, valued at approximately $120 million, towards the growth of USD1. What did the company say? Read the full story.
