Pakistan has signed an agreement to explore the use of a dollar-backed stablecoin for cross-border payments, marking a rare early partnership between a sovereign state and a firm linked to World Liberty Financial, the crypto venture associated with Donald Trump’s family.
In a statement issued on Wednesday, the Pakistan Virtual Asset Regulatory Authority confirmed it had signed a memorandum of understanding with SC Financial Technologies, which it described as an affiliated entity of World Liberty Financial.
The MoU aims to facilitate technical discussions and regulatory coordination around emerging digital payment systems. Officials said the dialogue would focus on secure, compliant, and scalable cross-border settlement mechanisms.
According to sources familiar with the agreement, SC Financial Technologies will work with the State Bank of Pakistan to assess how the USD1 stablecoin could operate within Pakistan’s regulated digital payments framework. The token would run alongside the country’s existing and planned digital currency infrastructure.
Today, World Liberty Financial signed an MoU with the Ministry of Finance to explore innovation in digital finance, particularly the use of stablecoins for cross-border transactions, signalling growing global interest in Pakistan as a key market for digital assets. pic.twitter.com/rYzbfHYysd
— Pakistan Virtual Assets Regulatory Authority (@PakistanVARA) January 14, 2026World Liberty Engagement
The announcement coincided with a visit to Pakistan by Zach Witkoff, co-founder and chief executive of World Liberty Financial and CEO of SC Financial Technologies. Witkoff is also Steve Witkoff’s son.
During the visit, Witkoff met senior Pakistani officials to discuss digital payment infrastructure, foreign exchange processes, and cross-border settlements, according to the regulator’s statement.
Finance Minister Muhammad Aurangzeb said Pakistan intends to engage with credible global players while ensuring innovation aligns with regulation, financial stability, and national interests.
Stablecoins Gain Global Attention
Stablecoins, which are typically pegged to the US dollar, have grown rapidly as governments and institutions assess their role in modern payment systems. Under the current US administration, new federal rules have provided greater clarity for the sector, encouraging wider experimentation worldwide.
Reuters previously reported that World Liberty Financial contributed to a notable increase in income for the Trump family business during the first half of last year, including revenue from overseas entities.
The Pakistan agreement signals growing interest among emerging markets in regulated stablecoin use, particularly for faster and more efficient cross-border transactions, while maintaining oversight through central bank frameworks.
