Big move in Pakistanās digital finance landscape! The Government of Pakistan has signed a Memorandum of Understanding (MoU) with SC Financial Technologies, a firm affiliated with World Liberty Financialās crypto ecosystem, to explore using the USD1 dollar-pegged stablecoin for cross-border payments including remittances ā a key source of foreign exchange for the country.
Whatās Actually Happening š
ā¢ šØ MoU signed to start technical dialogue on digital payments & settlement using the USD1 stablecoin.
ā¢ š¦ Pakistanās central bank will work with SC Financial Technologies to explore how USD1 could integrate with regulated digital payment infrastructure.
ā¢ šŗšø The talks occurred during a visit by World Liberty execs amid warming ties with the U.S. ā news first reported by Reuters.
Why This Matters ā”
ā¢ ā± Faster cross-border settlement ā potential to cut time compared to legacy banking rails.
ā¢ š° Lower transaction costs could benefit remittances sent by millions of Pakistanis abroad.
ā¢ š Supports digital payments evolution ā aligns with national moves toward digital currency pilots and virtual asset regulation.
Grounded, Not Hype š§
ā¢ This is exploration, not a launch ā no confirmed pilot, live payouts, or replacement of existing remittance systems yet.
ā¢ SC Financial Technologiesā role is exploratory and technical ā itās not a mass rollout partner at this stage.
ā¢ Stablecoins remain regulated assets under evaluation, not national legal tender.
Why Itās Strategic for Pakistan šµš°
ā Huge remittance inflows could benefit from efficient digital settlement.
ā Digital finance infrastructure modernization is gaining traction with regulators.
ā Potential to make payments quicker, cheaper, and more transparent ā if pilots prove successful.
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Bottom Line: Pakistan is officially exploring stablecoin settlement with global partners ā not launching one yet ā but this signals a real shift toward modern, blockchain-linked cross-border payments. šµš°š”
#Pakistan #PakistanChinaFriendship #WriteToEarnUpgrade #stablecoin #Web3 