Trump-backed Freedom of the World signs MoU with Pakistan to study use of stablecoin in cross-border payments

Trump-Backed Freedom Of The World Signs Mou With Pakistan To Study Use Of Stablecoin In Cross-Border Payments


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Pakistan is working with SC Financial Technologies to explore the integration of the USD1 stable coin into its regulated digital payment framework. The MoU formalizes discussions, knowledge sharing and technical cooperation, allowing regulators and policy makers to assess feasibility, risks and compliance requirements before any implementation.

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Pakistan signed an MoU with SC Financial Technologies, an affiliate of World Freedom Financial (WLFI), after a WMFI delegation led by Prime Minister Muhammad Shehbaz Sharif and CEO Zachary Witkoff met.

The agreement will focus on technical discussion and development of expertise around a secure and transparent digital financial system, including cross-border payments and exchange mechanisms.

According to the MoU, the two parties will explore how emerging digital payment architectures, including WLFI's flagship stablecoin USD1, can be seamlessly integrated into Pakistan's financial infrastructure.

The move supports Pakistan's broader vision of Digital Pakistan to increase financial inclusion, streamline payments and closely link the country to global digital finance networks.

Last April, the Trump-backed project formed a partnership with the Pakistan Crypto Council to promote blockchain and decentralized finance in Pakistan.

The collaboration is aimed at developing regulatory sandboxes for blockchain financial products, asset tokenization, expanding the use of stability coins and developing strategic recommendations on blockchain infrastructure.



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