Pakistan Signs MoU with WLFI to Explore USD1 Stablecoin Cross-Border Payments

BlockBeats News, January 14th. The Pakistan Virtual Asset Regulatory Authority (PVARA) announced that it has signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, a subsidiary of the Trump family's cryptocurrency project World Liberty Financial (WLFI), to explore the use of the USD1 stablecoin for cross-border payments and digital settlements.

The MoU focuses on technical cooperation, knowledge sharing, and regulatory dialogue, and at this stage does not constitute a binding agreement to deploy USD1 within the Pakistani financial system. Under the terms of the MoU, SC Financial Technologies will collaborate with the State Bank of Pakistan and relevant institutions to research how USD1 and other stablecoins can integrate into the country's regulated payment ecosystem. (Financefeeds)