PAKISTAN SIGNS STABLECOIN PARTNERSHIP WITH U.S. FIRM FOR NATIONAL DIGITAL PAYMENTS PUSH
Pakistan’s government has signed a memorandum of understanding with SC Financial Technologies, a U.S.-based affiliate of World Liberty Financial, to explore collaboration on a dollar-pegged stablecoin called USD1 aimed at integration with the country’s digital payments infrastructure. Zach Witkoff, co-founder and CEO of SC Financial, met with senior Pakistani officials during his visit to formalize the agreement, which is designed to work alongside Pakistan’s central bank digital currency initiatives. The partnership marks one of the first times a national government has teamed with a private stablecoin project on regulated payment systems, potentially setting a framework for compliant digital asset use in remittances and cross-border settlements. This development underscores regulatory-aligned institutional adoption of crypto payments infrastructure in emerging markets.
