Mon cher lecteur! Behold, Pakistan hath entered into a grand pact with SC Financial Technologies, a company entwined with the illustrious World Liberty Financial. The accord? To employ the USD1 stablecoin for cross-border payments, as if to say, “Let us exchange coins with the flair of a court jester!” 🤑
Per the esteemed Reuters, the Pakistan Virtual Asset Regulatory Authority hath declared this alliance shall foster “formal technical coordination” on digital payment systems. A most solemn endeavor, involving stablecoin settlements, payment rails, and regulatory alignment-oh, the tedium! 🤡
This, mesdames et messieurs, is the inaugural public agreement betwixt World Liberty’s empire and a sovereign state. A triumph! Or perhaps a folly? Only time shall tell. 🕰️
Under this memorandum, SC Financial Technologies shall collaborate with Pakistan’s central bank to deploy the USD1 stablecoin within a regulated framework. One might imagine the token waltzing alongside Pakistan’s domestic digital currency systems, a ballroom of chaos! 💃🕺
The objective? Faster settlements and lower transfer costs, all under the watchful eye of the central bank. A utopia of efficiency-or a dystopia in disguise? 🤔
This new accord expandeth Pakistan’s ties with World Liberty Financial. In April 2025, the Pakistan Crypto Council inked a separate letter of intent to explore “broader blockchain use.” A tale of ambition and cryptic aspirations! 🧙♂️
World Liberty Financial, you ask? ‘Tis the primary crypto venture of the Trump family. SC Financial Technologies, registered in Delaware, shares ownership of the USD1 stablecoin brand. A most noble alliance! 🏛️
Zach Witkoff, co-founder and CEO of World Liberty (and SC Financial Technologies), hath recently visited Pakistan to discourse on digital payments, foreign exchange settlements, and infrastructure design. A diplomat of the digital age! 🎩
Pakistan’s Digital Asset Gambit
Pakistan, ever the trendsetter, hath accelerated its work on digital finance. In 2025, the central bank confirmed plans for a pilot digital currency and now finalize virtual asset regulations. A quest to reduce cash use and modernize payment systems-how avant-garde! 🚀
In December 2025, Binance and HTX received preliminary approvals from PVARA to register locally. A most auspicious move for crypto exchanges! 🎉
Separately, the finance ministry signed an MoU with Binance to tokenise up to $2 billion in government assets. A financial alchemy of sorts! 🔮
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2026-01-14 15:21