Pakistan Signs MoU With WLFI to Explore USD1 Stablecoin for Cross-Border Payments
The Pakistani government has signed a memorandum of understanding (MoU) with SC Financial Technologies LLC, a firm affiliated with World Liberty Financial (WLFI), to explore the use of the USD1 stablecoin for cross-border payments and digital settlement.
The was made on Wednesday by the Pakistan Virtual Assets Regulatory Authority (PVARA), which confirmed that the agreement was reached following high-level engagements with representatives of SC Financial Technologies an affliate entity to World Liberty Financial. The move marks a significant step in Pakistan’s ongoing efforts to modernize its financial infrastructure and assess the role of blockchain-based payment systems.
The MoU focuses on technical cooperation, knowledge sharing, and regulatory dialogue around stablecoin-based payment answers. It does not represent a binding agreement to deploy USD1 within Pakistan’s financial system at this stage.
Under the terms of the MoU, SC Financial Technologies will work with Pakistan central bank and relevant authorities authorities to examine how a stablecoin such as USD1 could fit within the country’s regulated payment ecosystem.
Why Pakistan Is Exploring Stablecoins
Pakistan’s interest in stablecoins comes amid broader efforts to improve the speed, cost, and transparency of cross-border payments. With remittances accounting for a significant share of foreign platform inflows, the government has been under increasing pressure to reduce friction in international transfers and limit reliance on traditional correspondent banking channels.
A source familiar with the matter told that the initiative forms part of Pakistan’s wider push to reduce cash dependency and support the transition toward digital payments. However, the source also noted that discussions are still at an ahead stage and focused on evaluation rather than implementation.
Finance Minister Muhammad Aurangzeb also commented on the development, highlighting the government’s interest in responsible financial innovation.
“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,” Aurangzeb said.
USD1’s Global Expansion Efforts
The MoU with Pakistan comes as World Liberty Financial continues to position USD1 for broader international adoption across both government and institutional markets. The company has been actively in regulated payment and settlement environments.
World Liberty Financial has also taken steps to build institutional infrastructure around its stablecoin operations, including filings related to the establishment of World Liberty Trust Company, National Association, a .
USD1 currently ranks as the sixth-largest stablecoin by market capitalization, valued at approximately $3.42 billion, according to CoinMarketCap data. With increasing institutional interest and expanding use cases, the stablecoin is likely to continue scaling in supply.
