Pakistan Explores Partnership for Dollar-Linked Stablecoin with World Liberty Financial

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Pakistan is in talks with Trump-linked World Liberty Financial to explore a dollar-linked stablecoin, aiming to boost digital payments and streamline regulations.

Pakistan is reportedly advancing its digital finance initiatives by exploring a partnership with World Liberty Financial, a crypto company with reported ties to Donald Trump, to develop a dollar-linked stablecoin for digital payments. This strategic move aligns with Pakistan's broader objectives of enhancing its digital asset regulatory framework, reducing reliance on cash transactions, and optimizing cross-border payment systems, particularly remittances, which are a vital source of foreign exchange. The country's central bank is also progressing with plans for a digital currency pilot program and is in the final stages of drafting legislation to govern virtual assets. The signing of a Memorandum of Understanding (MoU) underscores strengthening financial technology collaborations between Pakistan and the United States.

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