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← All Crypto news

Pakistan signs MoU with World Liberty Financial on USD1 stablecoin

6 min read

Pakistan signed a memorandum of understanding in January with SC Financial Technologies, an affiliate of World Liberty Financial, to explore the firm's dollar‑pegged USD1 stablecoin for cross‑border payments, after World Liberty reported more than $500m in token sales. The signing was attended by Pakistan's prime minister and army chief and executed by SC Financial's Zach Witkoff Jr with finance minister Muhammad Aurangzeb. Nearly six months later there has been no pilot, no licences and no known transactions, while Pakistan has moved to create a regulator, PVARA, and clear banks to open accounts for licensed crypto firms.

The MoU secured high-level US access despite no USD1 deployment.

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