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Sujha Sundararajan
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Pakistan reportedly has partnered with the Trump family-linked World Liberty Financial affiliate to explore stablecoin payment rails, Reuters reported Wednesday.
A source involved with the deal told the publication that both parties have signed an agreement, marking the first publicly announced deal between a sovereign state and a crypto project.
Sources did not provide further details regarding Pakistan’s deal with SC Financial Technologies, a World Liberty-linked company. Further details are expected to be released by Pakistan on Wednesday following World Liberty CEO ‍Zach Witkoff’s visit to Islamabad.
Pakistan Eyes USD1 Stablecoin Integration
Per the agreement, WLF and Pakistan’s central bank will work to integrate the USD1 stablecoin into a digital payments structure. The stablecoin will operate alongside Pakistan’s crypto infrastructure.
WLFI and the Pakistan Crypto Council signed a Letter of Intent (LOI) in April last year to promote blockchain adoption and boost DeFi growth. The partnership targeted expanding stablecoin use for remittances and trade.
The current agreement comes at a time when USD1 stablecoin has surged past $3.5 billion in circulating supply. The stablecoin maintains a $1 peg and is deployed across multiple blockchains, with the largest share on BNB Smart Chain.
Besides, the World Liberty project saw a sharp increase in revenue for the Trump Organization in the first half of 2025. It has now filed for a US national banking charter in a move to bring its dollar-linked stablecoin deeper inside the regulatory perimeter.
Additionally, Pakistan has also accelerated efforts to formalize its digital asset ecosystem over the past year. The nation established Pakistan Virtual Assets Regulatory Authority, allowing major exchanges like Binance and HTX to operate locally. Besides, it signalled plans to build a Bitcoin reserve.
