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Trump-backed World Liberty signs MoU with Pakistan to study stablecoin use in cross-border payments

Crypto Briefing
World Liberty Financial's affiliate signed an MoU with Pakistan to study integrating its USD1 stablecoin into the country's regulated digital payments framework.

Summary

Pakistan has signed a memorandum of understanding (MoU) with SC Financial Technologies, an affiliate of World Liberty Financial (WLFI), to explore the use of stablecoins for cross-border payments. The agreement formalizes discussions, knowledge sharing, and technical collaboration, allowing Pakistani regulators to assess the feasibility, risks, and compliance requirements for integrating digital payment architectures, including WLFI's USD1 stablecoin, into the regulated financial infrastructure. This move aligns with Pakistan's Digital Pakistan vision to enhance financial inclusion and connect globally. WLFI, which is backed by former President Trump, previously partnered with the Pakistan Crypto Council last April to advance blockchain adoption and develop regulatory sandboxes.

(Source:Crypto Briefing)