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Pakistan Taps SC Financial To Explore USD1 Stablecoin
The Pakistan Virtual Assets Regulatory Authority (PVARA) announced Wednesday that SC Financial Technologies, a little-known firm affiliated with World Liberty Financial, has signed an MoU with the Ministry of Finance.
The memorandum sets the stage for exploring innovation in digital finance, “particularly the use of stablecoins for cross-border transactions,” PVARA wrote in a social media post.
As part of the deal, SC Financial Technologies will partner with Pakistan’s central bank to integrate WLFI’s USD1 stablecoin into a compliant payments framework, a person familiar with the matter told Reuters.
The plan would allow the stablecoin to operate alongside the nation’s own digital currency infrastructure, likely facilitating cross-border transfers and remittance flows.
 
“Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest,” Pakistan Finance Minister Muhammad Aurangzeb said.
The development comes as USD1 continues to bolster its presence across major cryptocurrency exchanges and blockchain networks after going live in March 2025. The token is available across 10 blockchain networks, including Ethereum, Solana, and Tron. Binance, the world’s biggest digital asset exchange by trading volume, added USD1 trading pairs in December 2025.
Meanwhile, Pakistan has been steadily boosting its digital finance agenda as it aims to become a global crypto hub. The country has made major moves to legalize its crypto ecosystem, including creating the Pakistan Virtual Assets Regulatory Authority, leveraging Bitcoin mining, allowing Binance and HTX exchanges to provide their services in the country, establishing a Bitcoin reserve, and exploring real-world asset tokenization to unlock liquidity and attract foreign investment.