Big move in Pakistan’s digital finance landscape! The Government of Pakistan has signed a Memorandum of Understanding (MoU) with SC Financial Technologies, a firm affiliated with World Liberty Financial’s crypto ecosystem, to explore using the USD1 dollar-pegged stablecoin for cross-border payments including remittances — a key source of foreign exchange for the country.
What’s Actually Happening 📊
• 📨 MoU signed to start technical dialogue on digital payments & settlement using the USD1 stablecoin.
• 🏦 Pakistan’s central bank will work with SC Financial Technologies to explore how USD1 could integrate with regulated digital payment infrastructure.
• 🇺🇸 The talks occurred during a visit by World Liberty execs amid warming ties with the U.S. — news first reported by Reuters.
Why This Matters ⚡
• ⏱ Faster cross-border settlement — potential to cut time compared to legacy banking rails.
• 💰 Lower transaction costs could benefit remittances sent by millions of Pakistanis abroad.
• 📈 Supports digital payments evolution — aligns with national moves toward digital currency pilots and virtual asset regulation.
Grounded, Not Hype 🧠
• This is exploration, not a launch — no confirmed pilot, live payouts, or replacement of existing remittance systems yet.
• SC Financial Technologies’ role is exploratory and technical — it’s not a mass rollout partner at this stage.
• Stablecoins remain regulated assets under evaluation, not national legal tender.
Why It’s Strategic for Pakistan 🇵🇰
✔ Huge remittance inflows could benefit from efficient digital settlement.
✔ Digital finance infrastructure modernization is gaining traction with regulators.
✔ Potential to make payments quicker, cheaper, and more transparent — if pilots prove successful.
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Bottom Line: Pakistan is officially exploring stablecoin settlement with global partners — not launching one yet — but this signals a real shift toward modern, blockchain-linked cross-border payments. 🇵🇰💡
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