Pakistan Partners with SC Financial to Explore Stablecoin Integration

Pakistan has entered into a landmark agreement with SC Financial Technologies, a company affiliated with World Liberty Financial, to explore the integration of the USD1 stablecoin into its regulated digital payments infrastructure. This initiative will see the stablecoin operating alongside Pakistan's own central bank digital currency, marking the first publicly announced sovereign partnership for World Liberty Financial, a crypto business owned by the Trump family.

The agreement represents a significant step forward in the regulatory acceptance of stablecoin technology for cross-border payments at the national level. World Liberty Financial, launched in September 2024, is spearheaded by CEO Zach Witkoff zach witkoffand has rapidly positioned itself as a key player in the digital currency landscape. The venture is the Trump family's primary crypto business, and its partnership with Pakistan underscores the growing global interest in stablecoins.