Pakistan Partners with Trump-Linked Firm to Explore $1B Stablecoin Payments

Pakistan has made a joint announcement with World Liberty Financial Inc. (WLFI), which is connected to the Trump family...

Quick overview

  • Pakistan has partnered with World Liberty Financial Inc. to explore the integration of USD1 stablecoins into its payment system.
  • This marks the first public agreement between a government and a cryptocurrency company, aimed at enhancing international transactions and reducing fees.
  • The USD1 stablecoin has a circulating supply of over $3.5 billion and operates on multiple blockchains, primarily the BNB Smart Chain.
  • Pakistan's initiative is part of a broader effort to establish a digital economy, including the creation of a Virtual Assets Regulatory Authority.

Pakistan has made a joint announcement with World Liberty Financial Inc. (WLFI), which is connected to the Trump family, to look at using USD1 stablecoins for payment rails. This is the first public agreement of its kind between a government and a crypto company, according to Reuters news.

So far, not much is known about the partnership, but officials tell us it’s aimed at plugging the stablecoin into Pakistan’s payments system. WLFI’s (Zach Witkoff) boss recently visited the capital, Islamabad, to finalize the details. We expect the Pakistani authorities to release the full details soon.

USD1 Stablecoin Plans

The partnership is about integrating the USD1 stablecoin into Pakistan’s digital backbone, so that it can sit alongside the other crypto platforms already operating there. Key points:

  • The USD1 stablecoin has now got a circulating supply of over $3.5 billion.
  • It keeps a tight grip on its $1 price and works with multiple blockchains – its biggest share is on the BNB Smart Chain.
  • WLFI have done similar things before, such as signing on with the Pakistan Crypto Council back in April 2024 to promote DeFi and make better use of blockchain
  • This is aimed at making international transactions and trade settlements smoother and cheaper, and should save many people a lot of money in fees.

Pakistan’s Push for a Digital Economy

Pakistan’s move is part of a bigger drive to make its digital economy official. The past few months have seen some big developments:

  • They’ve set up their own Virtual Assets Regulatory Authority (PVARA).
  • They’ve allowed big crypto exchanges like Binance and HTX to operate in the country.
  • And they’re planning to set up a Bitcoin reserve to help spread risk in the national financial assets.

WLFI has also just announced big revenue growth for the Trump Organisation in H1 2025 and is looking to get itself a national banking charter in the States, which should give the USD1 stablecoin a bit more protection under the law. Its all very interesting because its a big step for Pakistan’s financial system and could be a model for other countries looking to use stablecoins in their own way.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

HFM

Pu Prime

XM

Best Forex Brokers