1 hour ago
Last Updated:January 14, 2026, 22:49 IST
Under the agreement, SC Financial Technologies will work with Pakistan's central bank to integrate the $1 stablecoin into a regulated digital payments system.
The MoU was revealed during a visit to Pakistan by World Liberty co-founder and chief executive Zach Witkoff, son of US special envoy Steve Witkoff.
Pakistan on Wednesday said it had signed an agreement with a firm connected to World Liberty Financial, the main cryptocurrency business of US President Donald Trump’s family, to explore the use of its $1 stablecoin for cross-border payments.
In a statement, the Pakistan Virtual Asset Regulatory Authority (PVARA) said that a memorandum of understanding (MoU) with SC Financial Technologies, described as an “affiliated entity" of World Liberty, would allow for “dialogue and technical understanding around emerging digital payment architectures."
“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," PVARA shared on X.
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, 2026
The announcement marks one of the first publicly disclosed collaborations between World Liberty, a crypto platform launched in September 2024, and a sovereign state. It also comes amid a warming of ties between Pakistan and the United States.
Under the agreement, SC Financial Technologies will work with Pakistan’s central bank to integrate the $1 stablecoin into a regulated digital payments system. This will allow the token to operate alongside Pakistan’s own digital currency infrastructure, a source familiar with the deal said.
The MoU was revealed during a visit to Pakistan by World Liberty co-founder and chief executive Zach Witkoff, son of US special envoy Steve Witkoff. The company’s founding team also includes Donald Trump Jr. and Eric Trump.
Since taking the office, Trump has shifted from critic to promoter of cryptocurrency, easing regulatory restrictions on the sector. World Liberty Financial and related Trump family crypto ventures have reportedly earned around $1 billion in pre-tax profits over the past year, according to the Financial Times.
(With inputs from agencies)
First Published:
January 14, 2026, 22:49 IST
News world Pakistan Announces USD1 Stablecoin Deal With Trump-Linked Firm
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