Pakistan Explores World Liberty Stablecoin Deal for Cross-Border Payments
Pakistan is exploring a deal with a Trump-linked crypto firm, World Liberty Financial, to use its USD1 stablecoin for cross-border payments.Summary
Pakistan has reportedly signed an agreement with SC Financial Technologies, a company linked to World Liberty Financial (a crypto venture connected to the family of US President Donald Trump), to integrate its USD1 stablecoin into the country's digital payments framework for cross-border transactions like remittances. This potential deal is expected to be formally announced during a visit by World Liberty CEO Zach Witkoff to Islamabad. World Liberty Financial has previously been involved in significant transactions, such as facilitating Abu Dhabi's $2 billion equity stake purchase in Binance using its stablecoin. Pakistan is actively pursuing digitalization to become a global crypto hub, having established regulatory bodies and permitted major exchanges to operate.
(Source：Cointelegraph)