Pakistan has taken a step toward digital finance innovation by entering into an agreement to explore stablecoin-based payments. The move signals growing interest in regulated blockchain solutions to improve cross-border transactions and remittance efficiency, according to recent reports.
Stablecoin Payments Agreement With SC Financial Technologies
Pakistan has signed an agreement with SC Financial Technologies, a company connected to World Liberty Financial, a crypto venture linked to the family of former US President Donald Trump. The partnership aims to assess the use of the USD1 stablecoin, a dollar-pegged digital asset, within Pakistanās payments ecosystem. The initiative would involve collaboration with the central bank to ensure integration into a regulated digital payments framework.
The stablecoin is expected to operate alongside Pakistanās developing digital currency infrastructure, potentially supporting international payments and remittances. While the exact terms of the agreement have not been made public, the discussions highlight Pakistanās intent to modernize its financial systems using blockchain-based tools.
The USD1 stablecoin, which has a market capitalization of approximately $3.4 billion, has already been used in high-profile international transactions. Its potential adoption in Pakistan could position the country as an early mover in state-level stablecoin experimentation, especially in emerging markets.
Officials are expected to formally announce further details during an upcoming visit by World Liberty Financial leadership. If implemented, the initiative could strengthen Pakistanās role in digital finance innovation while improving the speed and transparency of cross-border payments.
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