Pakistan’s Ministry of Finance has signed a memorandum of understanding (MoU) with SC Financial Technologies, an affiliate of World Liberty Financial (WLF) — the cryptocy venture connected to the family of U.S. President Donald Trump — to explore integrating a dollar-pegged stablecoin (USD1) into the country’s digital payment and cross-border remittance systems.
The agreement, signed on Jan. 14, 2026, is part of Pakistan’s broader push to modernize its financial infrastructure and improve remittance efficiency, potentially allowing the stablecoin to operate alongside Pakistan’s central bank digital cy framework.
Under the MoU, SC Financial Technologies and Pakistan’s central bank will jointly assess how the USD1 stablecoincan support regulated payments and international transfers. The move comes amid efforts to reduce reliance on cash and lower transaction costs for foreign exchange inflows, including remittances that are a major source of foreign cy for Pakistan. It also reflects warming economic dialogue between Pakistan and U.S. stakeholders.
“Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest,” said Pakistan Finance Minister Muhammad Aurangzeb, highlighting the government’s intent to balance innovation with oversight as it tests stablecoin-powered remittances and payment
The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…
Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…
Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…
The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…
Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…
The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…