Pakistan has taken a new step toward modern digital finance by signing an agreement with a US-linked crypto company connected to the family of President Donald Trump. The deal explores using a US dollar–backed digital currency (stablecoin) to make cross-border payments faster, cheaper, and more transparent.
The Finance Ministry signed a non-binding, one-year MoU with SC Financial Technologies, an affiliate of World Liberty Financial, to study how its dollar-pegged stablecoin USD1 could be used within Pakistan’s payment system—especially for international transactions and remittances.
Right now, cryptocurrencies are not legal tender in Pakistan, but the government plans to introduce a full legal framework within a year. Stablecoins are currently covered under a temporary ordinance, which will soon be converted into permanent law.
The agreement was signed in Islamabad in the presence of Prime Minister Shehbaz Sharif and Army Chief Field Marshal Asim Munir, highlighting the importance the government is giving to digital finance.
Pakistan sees strong potential in this area because:
It receives over $38 billion a year in remittances
It has an estimated 40 million crypto users
Annual crypto trading volumes are estimated at up to $300 billion
This partnership is one of the first times World Liberty Financial has worked directly with a country, and it comes as Pakistan and the US show signs of improving ties.
The government says the goal is innovation with regulation, ensuring financial stability while learning from global digital finance leaders. Recent approvals for platforms like Binance and HTX also show Pakistan is opening up—carefully—to the digital asset world.
Overall, the move signals that Pakistan wants to be a serious player in the future of global digital payments, while keeping rules, security, and national interests front and center.
