Overview
- Pakistan’s Virtual Asset Regulatory Authority said it signed an MoU with SC Financial Technologies, described as affiliated with World Liberty Financial, to develop technical understanding of new digital payment architectures.
- Under the arrangement, SC Financial will work with the State Bank of Pakistan to assess integrating the dollar‑pegged USD1 stablecoin within a regulated framework alongside the country’s planned central bank digital currency pilot.
- The announcement coincided with a visit to Islamabad by World Liberty co‑founder and SC Financial CEO Zach Witkoff, with Prime Minister Shehbaz Sharif and senior officials in attendance.
- World Liberty Financial’s ties to President Donald Trump’s family have drawn conflict‑of‑interest scrutiny as the platform expands internationally, though the parties describe this agreement as exploratory rather than adoption.
- USD1 has already featured in large cross‑border transactions, including Abu Dhabi‑backed MGX using the token for a $2 billion Binance equity purchase, a scale that underscores the stakes of any sovereign integration.