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

Odaily News: The Pakistan Virtual Asset Regulatory Authority (PVARA) announced that it has signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliate of the Trump family's crypto project World Liberty Financial (WLFI), aiming to explore the use of the USD1 stablecoin for cross-border payments and digital settlements. This MoU focuses on technical cooperation, knowledge sharing, and regulatory dialogue and does not constitute a binding agreement for deploying USD1 within Pakistan's financial system at this stage. According to the terms of the memorandum, SC Financial Technologies will collaborate with the State Bank of Pakistan and relevant institutions to study how stablecoins like USD1 can be integrated into the country's regulated payment ecosystem. (Financefeeds)