Pakistan said on Wednesday it had signed an agreement with a firm connected to World Liberty Financial, the main crypto business of U.S. President Donald Trump’s family, to explore using World Liberty’s stablecoin for cross-border payments.
The Pakistan Virtual Asset Regulatory Authority said in a statement that a memorandum of understanding with SC Financial Technologies, a little-known company it described as an “affiliated entity” of World Liberty, would enable “dialogue and technical understanding around emerging digital payment architectures”. The announcement represents one of the first publicly announced tie-ups between World Liberty, a crypto-based finance platform launched in September 2024, and a sovereign state. It also comes amid a warming of ties between Pakistan and the United States.