Pakistan Explores Stablecoin Tie-Up with Trump-Linked Firm

• Pakistan partners with SC Financial Technologies to integrate USD1 stablecoin into its digital payments system.

• Deal highlights growing Pakistan-U.S. financial ties and interest in innovative payment technologies.

• Stablecoins could streamline remittances, reduce cash use, and attract international investment in Pakistan.

Pakistan is modernizing its financial infrastructure by signing an agreement with SC Financial Technologies, affiliated with World Liberty Financial, the main crypto business of U.S. President Donald Trump’s family.

As per Reuters, the deal was announced by the Pakistan Virtual Asset Regulatory Authority, aims to explore using World Liberty’s USD1 stablecoin for cross-border payments and digital transactions. Hence, Pakistan is positioning itself at the forefront of emerging digital payment architectures.

The agreement involves SC Financial Technologies working closely with Pakistan’s central bank to integrate the stablecoin into a regulated digital payments framework. Consequently, the token could operate alongside Pakistan’s own digital currency systems, enhancing cross-border remittances—a crucial source of foreign exchange.

Zach Witkoff, CEO of SC Financial Technologies and son of U.S. special envoy Steve Witkoff, met senior Pakistani stakeholders to discuss digital payment infrastructure, foreign exchange processes, and settlement solutions.

Strategic Implications for Pakistan and the U.S.

This partnership represents one of the first publicly announced collaborations between a Trump-linked crypto platform and a sovereign state. Moreover, it reflects a warming of Pakistan-U.S. financial ties.

Finance Minister Muhammad Aurangzeb said, “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.” Additionally, the MoU could pave the way for more international collaborations in digital currencies.

Stablecoins, which are digital tokens typically pegged to the dollar, have surged in adoption recently. Under Trump, U.S. regulations have become more favorable toward the sector. Consequently, global governments and institutions are examining stablecoins for their potential in payments and financial systems.

World Liberty’s platform previously facilitated significant foreign investments, including MGX’s $2 billion stake in Binance using the stablecoin. Besides, Pakistan itself has been exploring digital currency pilots to reduce cash reliance and improve financial inclusion.