World Liberty Financial Signs MoU With Pakistan to Explore Stablecoins and Digital Finance Innovation

Pakistan has taken another visible step toward digital finance adoption as World Liberty Financial signed a memorandum of understanding with the Ministry of Finance to explore the innovation in digital finance, with a specific focus on stablecoins and cross-border transactions. The development highlights growing international confidence in Pakistan as an emerging market for regulated digital asset infrastructure.

Several high-profile figures, including Prime Minister of Pakistan Muhammad Shehbaz Sharif, Finance Minister Senator Muhammad Aurangzeb, Chief of Army Staff General Syed Asim Munir, and Zach Witkoff, co-founder of World Liberty Financial, attended the signing ceremony. The presence of senior leadership from both the public and private sectors underscored the strategic importance of the engagement.

World Liberty Financial is a digital finance company focused on building blockchain-based financial infrastructure, with particular attention on stablecoins and compliant digital payment systems. The firm is best known for its work around USD1, a U.S. dollar-backed stablecoin designed to enable faster, lower-cost, and more transparent transactions across borders while maintaining regulatory alignment.

USD1 is positioned as a fully collateralized stablecoin, meaning each token is backed by real-world reserves, typically cash or short-term government securities. The core idea behind USD1 is to combine the stability of traditional currency with the efficiency of blockchain technology, allowing value to move globally without relying entirely on slow and expensive correspondent banking systems.

For Pakistan, the potential benefits of exploring stablecoins are significant. Cross-border payments remain costly and time-consuming, especially for remittances, which form a critical part of the country’s economy. Stablecoins could help reduce transaction fees, shorten settlement times, and improve transparency while keeping flows within a regulated framework.

The MoU allows both sides to assess how stablecoins and blockchain-based systems could fit within Pakistan’s legal, regulatory, and financial environment. This cautious approach aligns with Pakistan’s broader efforts to develop a structured and responsible digital asset framework rather than rushing into adoption.

Pakistan has consistently ranked among the top countries for crypto usage despite regulatory uncertainty. Policymakers have increasingly acknowledged that ignoring this activity is no longer viable. Instead, the focus has shifted toward regulation, oversight, and integration into the formal financial system to protect users while encouraging innovation.

World Liberty Financial’s interest also reflects a broader trend where global digital finance firms are exploring emerging markets with young, tech-savvy populations and high demand for efficient financial services. Pakistan fits this profile, especially as the government evaluates stablecoins, virtual assets, and blockchain infrastructure under upcoming regulatory bodies.

While no specific implementation timelines were announced, the engagement suggests that stablecoins could eventually play a role in modernizing Pakistan’s payment rails, improving cross-border trade, and supporting financial inclusion if introduced responsibly.

The MoU adds to a growing list of international players engaging with Pakistan on digital assets, reinforcing the view that the country is gradually positioning itself as a serious participant in the global digital finance ecosystem rather than remaining on the sidelines.