Pakistan has signed an agreement with SC Financial Technologies, a firm connected to World Liberty Financial (WLF), to explore using WLF’s USD1 (a dollar-linked stablecoin) for cross-border payments, according to a source involved in the deal.
What’s actually being discussed
The core idea is integration: WLF would work with Pakistan’s central bank to plug USD1 into a regulated digital payments structure, so the stablecoin could operate alongside Pakistan’s own digital currency plans rather than outside them.
Pakistan is expected to publicly announce the agreement during a visit by Zach Witkoff, the CEO of World Liberty Financial, in Islamabad. Pakistan’s finance ministry and central bank did not immediately comment.
Why Pakistan might care
Pakistan has been looking at digital finance as a way to reduce cash usage and make cross-border flows, especially remittances, cheaper and faster. Remittances are a major source of foreign exchange for the country, so anything that can reduce friction in transfers tends to get policy attention.
This also fits a broader global pattern: stablecoins have grown into one of crypto’s biggest “real-world” use cases because they can move value quickly while still being priced in dollars.
The bigger context: Pakistan’s own digital currency + crypto rules
The timing matters. Pakistan’s central bank governor has said the bank was preparing a pilot for a digital currency and finalising legislation to regulate virtual assets.
So this isn’t being framed as “let stablecoins run wild.” It’s being framed as “let’s see if a stablecoin can fit inside a regulated payments layer.”
Who is World Liberty Financial, and what is USD1?
WLF is described as the main crypto business linked to the family of U.S. President Donald Trump, and the reported Pakistan tie-up would be one of the first publicly announced collaborations between WLF and a sovereign country.
Separately, WLF has also been pushing deeper into regulated finance in the U.S. Reuters reported earlier this month that a WLF subsidiary filed an application with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank focused on stablecoin operations, covering things like issuance/redemption and custody. In that report, Reuters said USD1 had reached over $3.3 billion in circulation.
Alongside the stablecoin, WLF also has a separate token, WLFI, which has been described as a governance-style token tied to the venture.
On Millionero, WLFI is available on spot markets as well as Perpetuals.
The Important Questions
If Pakistan moves beyond “exploring,” these are the details that will decide whether this becomes meaningful or stays symbolic:
- How conversion works: Will users be able to move between PKR ↔ USD ↔ USD1 easily, and under what rules?
- Compliance rails: What AML/KYC and transaction monitoring requirements will be enforced for USD1 inside Pakistan’s regulated payment channels?
- Consumer protections: Clear rules on redemptions, dispute handling, and what happens if there’s a liquidity or peg event.
- Scope: Is this limited to institutional cross-border settlement, or does it eventually touch everyday retail payments?
Those answers matter more than the headline, because they determine whether stablecoins become infrastructure, or just another speculative instrument.
Not financial advice. Do your own research. For more market explainers and weekly recaps, visit blog.millionero.com.
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