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- Pakistan has signed a digital finance agreement with a World Liberty affiliate.
- The deal focuses on stablecoins and new payment systems.
- The move aligns with Pakistan’s plans for digital currency and cryptocurrency regulation.
Pakistan has taken a new step toward integrating crypto and digital finance after signing an agreement with SC Financial Technologies, an affiliate of World Liberty Financial. The deal signals growing interest in stablecoin use for cross-border payments. It also reflects Pakistan’s wider effort to modernize its financial system and strengthen regulatory oversight.
The Pakistan Virtual Asset Regulatory Authority has affirmed the signing of a memorandum of understanding with SC Financial Technologies. The signing of this MoU enables the initiation of a structured dialogue on new digital payment systems.
The authorities view this collaboration as a form of early exploration and not a launch. Learning, experimentation, and alignment with the national rules are the priorities at this point in time, and the authority emphasized the need for stability and compliance at every stage.
SC Financial to Work With Pakistan on Crypto Payments
Under the agreement, SC Financial Technologies will engage with the central bank of Pakistan. The objective includes researching how the USD1 stablecoin might work within a regulated payments system. The stablecoin will run along with the digital currency systems being developed by Pakistan.
This is the first known public interaction between the World Liberty network and a nation state. It is also occurring at a time when the relationship between Pakistan and the United States is improving.
The news came after the visit by the co-founder and CEO of World Liberty, Zach Witkoff, to Islamabad. He is also the CEO of SC Financial Technologies. He had various meetings with top Pakistani authorities during his visit.
A government release featured the agreement signed between Finance Minister Muhammad Aurangzeb and Witkoff. Prime Minister Shehbaz Sharif and Army Chief General Asim Munir also joined the occasion. This is an indication of the significance of the event.
The company is registered in the state of Delaware, and it is revealed in the regulatory filings that it jointly owns the brand of the USD 1 stablecoin with World Liberty. Reserve filings in mid 2025 confirmed this arrangement.
Remittances Drive Pakistan’s Focus on Cross-Border Payments
World Liberty has introduced its crypto finance service in September 2024. Since then, the company has grown quickly with international partnerships. The company has attracted notice for its connection with the Trump business family. Pakistan is also moving ahead with digital currency plans to minimize cash use.
Improvement in cross-border transactions, particularly remittances, is also being focused upon by the authorities. Foreign workers send over 36 billion dollars every year to Pakistan. Around forty million cryptocurrency users are estimated by the regulators in the country. Cryptocurrency trade in the country can touch three hundred billion dollars every year.
These statistics demonstrate the existing level of activity in the digital assets sector. The central bank intends to roll out a digital currency project. The central bank is also finalizing legislation to govern the regulation of virtual assets. The regulation process is considered important for the protection of users as well as the maintenance of financial stability.
The use of stablecoins has increased rapidly across the world because of their association with traditional currencies. Many countries are assessing their role in payment systems. Pakistan’s new agreement makes it among countries that are piloting a structured approach related to this new sector.
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