Pakistan is taking fresh steps to modernise its financial system by engaging with international digital finance firms. The country has signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, which is linked to World Liberty Financial, to explore the potential use of the USD1 stablecoin for cross-border payments.
Under the agreement, both sides will study how to develop a secure, transparent, and regulation-friendly digital payment framework. The focus will be on improving cross-border money transfers, reducing settlement times and costs, and designing new foreign-exchange-related solutions. The initiative aims to make international payments more efficient while remaining aligned with global compliance and financial standards.
If successful, the partnership could place Pakistan among the early adopters of stablecoin-based payment models. Such systems may benefit businesses, exporters, and overseas Pakistanis by offering faster and more cost-effective ways to send and receive money across borders.
Finance Minister Muhammad Aurangzeb said Pakistan intends to actively collaborate with global financial and technology companies. He emphasised that innovation must be encouraged in a controlled manner that protects national interests and adheres to proper regulatory frameworks, adding that responsible adoption of new technologies is essential for strengthening the country’s financial system.
The MoU comes as Pakistan advances its approach to regulating digital assets. Recently, no-objection certificates (NOCs) were issued for major international crypto platforms, including Binance and HTX, signalling a shift toward a more structured digital finance environment.
Overall, the move reflects Pakistan’s broader effort to embrace financial innovation, support its digital economy, and stay connected with global financial developments, while keeping transparency, oversight, and regulatory compliance at the centre of policy decisions.
