
Pakistan is stepping into the future of finance with a fresh push toward stablecoin-enabled cross-border payments, partnering with a global fintech player. The move blends innovation with regulation, signalling Pakistan’s intent to help shape — not just follow — the next phase of digital finance.
Read more: SBP and PVARA Intensify Crypto Coordination After Binance
Pakistan has taken another step toward modernising its financial system as the Ministry of Finance signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliate of World Liberty Financial, to explore emerging digital payment frameworks, including potential use of the USD1 stablecoin for cross-border transactions.
The MoU establishes a formal platform for dialogue and technical cooperation on secure, transparent, and regulation-aligned digital payment infrastructure. It also focuses on innovations in cross-border settlement and foreign exchange mechanisms, reflecting Pakistan’s broader push to upgrade its digital finance ecosystem.
A delegation led by SC Financial Technologies CEO Zachary Witkoff met senior Pakistani officials to discuss global regulatory trends and evolving payment technologies. Officials said the engagement underscores Pakistan’s growing visibility in international digital finance discussions, with World Liberty Financial holding its second round of high-level meetings in the country.
Commenting on the development, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said Pakistan intends to stay ahead of financial transformation.
“Pakistan recognises that the future of finance is being shaped today. Our focus is to stay ahead of the curve while ensuring innovation aligns with regulation, stability, and national interest,” he said.
The development builds on earlier collaboration between World Liberty Financial and the Pakistan Crypto Council and follows recent regulatory progress in digital assets, reinforcing Pakistan’s positioning as a promising frontier market for digital payments.
