The federal government on Wednesday signed a memorandum of understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to explore the use of the company’s stablecoin for cross-border transactions.
The Pakistan Virtual Asset Regulatory Authority (PVARA) said the agreement will open the door for dialogue and technical understanding around new digital payment systems.
The MoU was announced during a visit to Pakistan by Zach Witkoff, co-founder and chief executive of World Liberty Financial and son of US special envoy Steve Witkoff.
During his visit, Witkoff met senior Pakistani officials and stakeholders to discuss secure, transparent, and compliant digital payment infrastructure.
The talks also covered new ideas in cross-border settlements and foreign exchange processes.
PVARA said Pakistan is positioning itself as a serious player in global digital finance as World Liberty Financial deepens its engagement with the country.
Industry observers believe this second engagement shows Pakistan is under active consideration as an early partner for testing new digital payment models, including World Liberty’s stablecoin, USD1.
Finance Minister Muhammad Aurangzeb said Pakistan wants to stay ahead by working with credible global partners and by aligning innovation with regulation and national interest.
He added that the future of finance is being shaped today, and Pakistan does not want to be left behind.
The move builds on earlier cooperation. In April, World Liberty Financial signed a Letter of Intent with the Pakistan Crypto Council to start knowledge-sharing on new financial technologies.
In December, PVARA also issued no-objection certificates to Binance and HTX, allowing them to begin local incorporation.
Officials say Pakistan’s large remittance flows, growing digital economy, and millions of crypto users make it a key market for global fintech firms.
With rising international interest and a regulation-first approach, Pakistan is now being seen as an important market in the future of digital finance.
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