Pakistan to Explore Stablecoin Remittances via Affiliate of Trump-Linked World Liberty Financial
Pakistan’s Ministry of Finance signed an MOU with SC Financial Technologies, affiliated with World Liberty Financial—a DeFi project linked to Donald Trump's family—to explore digital finance innovation, including stablecoin use for cross-border transactions. The agreement aims to modernize Pakistan’s payment system and reduce reliance on cash, with remittances (over $36 billion annually) as a primary focus. Pakistan, home to an estimated 40 million crypto users, is preparing to pilot a central bank digital currency and implement new virtual asset regulations. SC Financial will collaborate with Pakistan’s central bank to integrate the USD1 stablecoin into a regulated payments framework alongside future national digital currencies. World Liberty Financial, launched by Trump’s sons and associates in 2024, has seen its stablecoin used for major international transactions. Pakistan’s crypto adoption drive is led by Bilal Bin Saqib, a key crypto adviser, who recently became an adviser to World Liberty Financial. The growing partnership with Trump-linked crypto ventures has drawn scrutiny over potential conflicts of interest, given Trump’s role in shaping U.S. crypto policy, though the White House denies any conflict.
