News has it that Pakistan is exploring joining hands with a Trump-linked crypto company to enable USD1 stablecoin for cross-border payments.
Now if this actually is true, it would be a big shift on a global scale.
Pakistan just signed an agreement with SC Financial Technologies, a company tied directly to World Liberty Financial, the high-profile Trump-linked crypto project backed by the Trump family.
This agreement is to explore using their dollar-pegged stablecoin, USD1, for cross-border payments.
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Reuters broke the story today, citing sources close to the deal, and it’s being called one of the first real public partnerships between a sovereign government and a Trump-linked crypto venture.
Under this setup, SC Financial Technologies will team up with Pakistan’s central bank to weave USD1 into the country’s regulated digital payments system.
The stablecoin would run alongside Pakistan’s own budding digital currency efforts, opening doors for smoother, faster cross-border stuff like remittances that millions rely on.
No full details on the terms yet, and SC Financial Technologies is still pretty under-the-radar, but the potential here is massive.
USD1 itself is no small fry, it’s sitting at a hefty $3.4 billion market cap right now (per CoinMarketCap), proving the Trump-linked crypto company has real traction and liquidity behind it.
World Liberty CEO Zach Witkoff is in Islamabad today, and Pakistan’s set to make the formal announcement during his visit.
Pakistan is pushing hard to become a global crypto hub, setting up the Pakistan Virtual Assets Regulatory Authority, greenlighting Binance and HTX to operate locally, building a Bitcoin reserve, and eyeing real-world asset tokenization to pull in foreign cash and juice liquidity.
