ISLAMABAD — Pakistan has entered into an agreement with SC Financial Technologies, an entity connected to World Liberty Financial (WLF)—the primary crypto venture associated with the family of U.S.
President Donald Trump—to investigate the integration of WLF’s USD1 dollar-pegged stablecoin into regulated cross-border payment systems.
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According to a source familiar with the arrangement reported by Reuters on January 14, 2026, the collaboration involves working with the State Bank of Pakistan to incorporate the stablecoin alongside the country’s emerging digital currency infrastructure.
The deal, one of the earliest sovereign partnerships for WLF since its 2024 launch, aligns with Pakistan’s efforts to modernize remittances and digital finance amid a more crypto-friendly U.S. regulatory environment under Trump.
An official announcement was anticipated later that day during a visit by WLF CEO Zach Witkoff to Islamabad.
Focus on Remittances and Efficient Digital Payments
Pakistan, which receives over $30 billion annually in remittances—a lifeline for its economy—aims to leverage stablecoins for faster, cheaper international transfers compared to traditional channels.
The USD1 stablecoin, backed 1:1 by U.S. dollars and short-term Treasurys and available on multiple blockchains like Ethereum, Solana, and Tron, could reduce costs and settlement times for overseas workers sending funds home.
The partnership builds on prior engagements, including a 2025 Letter of Intent between WLF and the Pakistan Crypto Council to advance blockchain and DeFi adoption.
Geopolitical and Regulatory Implications
The agreement highlights warming U.S.-Pakistan ties in the digital finance space and positions Pakistan as an early testing ground for private stablecoins in regulated settings.
WLF has gained prominence through high-profile uses, such as Abu Dhabi’s MGX employing USD1 for a $2 billion Binance stake acquisition.
Critics note potential risks around dollar dominance and regulatory oversight, but proponents see it as boosting Pakistan’s fintech profile and attracting global innovation.
Neither Pakistan’s finance ministry nor central bank commented immediately, though the move reflects broader global interest in stablecoins for efficient, borderless payments.