Pakistan Signs Agreement to Explore Stablecoin USD1 for Cross-Border Payments
The MoU aims to establish structured dialogue and deepen technical cooperation on secure, compliant, and transparent digital payment infrastructure, as well as innovations in cross-border settlement and foreign exchange mechanisms.
A delegation led by Zachary Witkoff, Chief Executive Officer of SC Financial Technologies LLC, met senior Pakistani officials to discuss how countries worldwide are approaching regulatory frameworks and technological shifts in digital payments and settlement systems.
Officials said the engagement reflects Pakistan’s growing profile in global digital finance, with World Liberty Financial now undertaking its second round of high-level discussions in the country. Industry observers see the move as a sign that Pakistan is being considered as a potential early partner jurisdiction for testing new digital payment models, including the USD1 stablecoin.
Commenting on the development, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said Pakistan intends to remain proactive in shaping the future of finance.
“Pakistan recognises that the future of finance is being shaped today. Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest,” he said.
