Pakistan talks integration of USD1 into payment infrastructure
Pakistan signed a memorandum of understanding with U.S.-based SC Financial Technologies to explore bringing the dollar-pegged USD1 stablecoin into digital payments and cross-border transfers.
USD1 is linked to World Liberty Financial, a project that some media outlets and market observers have connected to Donald Trump’s family.
For now, the memorandum is a framework agreement. It doesn’t promise a quick stablecoin rollout. Instead, it sets up talks on technical integration and compliance requirements. Pakistani agencies have suggested the key question is how USD1 could operate alongside the central bank’s infrastructure, especially as the country works on its own digital initiatives.
According to Pakistani official accounts and local reporting, Zach Witkoff, a co-founder of World Liberty Financial, took part in the discussions. On Pakistan’s side, the memorandum was signed by representatives of financial regulators. The current focus is on use cases for businesses and everyday users, as well as international transfers where stablecoins are often used to cut fees and shorten settlement times.
In Pakistan, the USD1 talks fit into a broader rewrite of crypto policy. In December, officials publicly discussed plans for tokenization of sovereign assets and preparations for a national stablecoin, with Binance expected to advise on market practices and system design.
The USD1 ecosystem has also expanded in recent months. Binance, for example, announced it would swap collateral for Binance-Peg BUSD to USD1 and introduced zero-fee trading pairs, a move aimed at making the token easier to use on the exchange.
At the same time, World Liberty Financial has been positioning USD1 within a more clearly regulated U.S. setup. The company has said an affiliated entity filed an application for a national trust bank charter, with the goal of issuing and redeeming the stablecoin and keeping reserves in a structure that regulators can review.
If the Pakistan memorandum moves from talks to a pilot, USD1 could land a real-world use case in a country with strong demand for overseas remittances. The outcome will depend on what rules Pakistani regulators put in place, and how quickly they align on reserve standards, reporting, and transaction controls.
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