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
Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…
Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…
Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…
A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…
BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…
A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…