Reuters: Pakistan explores Trump-linked stablecoin for cross-border payments

Pakistan has signed an agreement with a firm linked to World Liberty Financial, the main crypto business associated with the family of US President Donald Trump, to explore using World Liberty’s stablecoin for cross-border payments, Reuters reports, citing a source familiar with the deal.

The agreement marks one of the first publicly disclosed collaborations between World Liberty, a crypto-based finance platform launched in September 2024, and a sovereign state. It also comes as ties between Pakistan and the United States show signs of warming.

Under the deal, World Liberty Financial will work with Pakistan’s central bank to integrate its USD1 stablecoin into a regulated digital payments framework, enabling the token to operate alongside Pakistan’s existing digital currency infrastructure, the source added.

No further details were provided regarding the involvement of SC Financial Technologies, a lesser-known company connected to World Liberty.

Pakistan is expected to formally announce the agreement on January 14, coinciding with a visit to Islamabad by World Liberty CEO Zach Witkoff, son of U.S. special envoy Steve Witkoff, the source said.

USD1, a dollar-pegged stablecoin, was launched by WLFI nine months ago in April 2025. It currently ranks sixth among stablecoins and 32nd among all cryptocurrencies, according to CoinMarketCap. In December, a marketing campaign led by Binance pushed its market capitalisation to around $3 billion.

Pakistan moved to legalise cryptocurrencies in spring 2025, establishing the Pakistan Cryptocurrency Council led by Bilal bin Saqib, who also became an advisor to the finance minister on digital asset management.

By Jeyhun Aghazada