Pakistan is taking new steps to modernise its financial system by working with international digital finance companies. The country has signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, which is linked to World Liberty Financial, to study how the USD1 stablecoin can be used for cross-border payments.
Under this agreement, both sides will explore ways to build a secure, transparent and regulation-friendly digital payment system. The focus will be on improving cross-border money transfers, making international settlements faster and cheaper, and developing new solutions related to foreign exchange. By doing this, Pakistan aims to reduce delays and costs in international payments while ensuring compliance with global financial standards.
This partnership could place Pakistan among the early countries to test and adopt new digital payment models using stablecoins. Such initiatives may help businesses, exporters and overseas Pakistanis by offering more efficient ways to send and receive money across borders.
Finance Minister Muhammad Aurangzeb highlighted that Pakistan wants to actively engage with global financial and technology firms. He said the goal is to encourage innovation while making sure it aligns with national interests and follows proper regulations. According to him, adopting new technologies in a controlled and responsible way is key to strengthening the country’s financial system.
The MoU also comes at a time when Pakistan has made progress in regulating digital assets. Recently, no-objection certificates (NOCs) were issued for major global crypto platforms, including Binance and HTX. These steps indicate that Pakistan is moving toward a more structured and regulated digital finance environment.
This development reflects Pakistan’s broader efforts to embrace financial innovation, improve its digital economy, and stay connected with global financial trends, while keeping transparency and regulatory compliance as top priorities.
Disclaimer: This content is for informational purposes only.
