Pakistan signed an agreement with SC Financial Technologies, which is linked to Trump-backed World Liberty Financial, to explore using its USD1 stablecoin for payments.
Pakistan has signed an exploratory agreement with a company linked to Trump-backed World Liberty Financial to assess the potential use of a dollar-pegged stablecoin for cross-border payments, a source familiar with the matter said.
The agreement involves SC Financial Technologies, a little-known firm connected to World Liberty Financial, and would examine whether the company’s USD1 stablecoin could be used within Pakistan’s emerging digital payments framework, Reuters reported on Wednesday.
The token could operate alongside Pakistan’s emerging digital currency infrastructure, potentially supporting cross-border transactions such as remittances, the source told Reuters.
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