Pakistan has taken a significant step toward advancing its digital finance ecosystem by signing a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliate of World Liberty Financial, to explore emerging digital payment solutions, including the potential use of its stablecoin, USD1, for cross-border transactions.
The agreement aims to foster structured dialogue and deepen technical cooperation on secure, compliant, and transparent digital payment infrastructure, as well as innovations in cross-border settlements and foreign exchange mechanisms.
A delegation led by SC Financial Technologies CEO Zachary Witkoff met with senior Pakistani officials to discuss global approaches to regulatory frameworks and technological shifts in digital payments and settlement systems.
The engagement underscores Pakistan’s growing role in global digital finance and signals its potential as an early partner for testing innovative digital payment models, including the USD1 stablecoin.
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb emphasized Pakistan’s proactive stance in shaping the future of finance. “Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation aligns with regulation, stability, and national interest,” he said.
This development builds on a previous Letter of Intent signed in April between World Liberty Financial and the Pakistan Crypto Council, establishing a foundation for knowledge-sharing on emerging financial technologies.
It follows recent regulatory progress, including No Objection Certificates (NOCs) granted to Binance and HTX, enabling local incorporation and reflecting a faster regulatory pace than in many other countries.
Pakistan’s strong remittance inflows of over USD 38 billion annually, rapid digital economy growth, large crypto user base, and significant digital asset trading volumes make it an attractive frontier market for digital finance.
With international interest rising and a regulation-first approach, Pakistan is positioning itself as a key player in the global evolution of digital payments and cross-border financial systems.
