Overview
- Pakistan’s Ministry of Finance and PVARA announced a non-binding memorandum with SC Financial Technologies, described as an affiliated entity of World Liberty Financial.
- The workstream will study integration of the USD1 token into regulated systems for remittances and cross-border settlement, with authorities framing the effort as dialogue and evaluation rather than immediate rollout.
- World Liberty executive Zach Witkoff visited Islamabad for meetings with senior officials, including Prime Minister Shehbaz Sharif, Deputy Prime Minister Ishaq Dar, and Finance Minister Muhammad Aurangzeb.
- Corporate records cited in reporting indicate SC Financial, registered in Delaware, co-owns the USD1 brand with World Liberty, linking the project to the Trump family’s primary crypto venture.
- The move aligns with Pakistan’s digital finance agenda, including NOCs for Binance and HTX and forthcoming virtual-asset rules, as World Liberty expands regulatory footing through a U.S. charter push and a growing USD1 footprint.