Pakistan signs pact with affiliate of World Liberty Financial on stablecoin

The federal government on Wednesday signed a memorandum of understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to explore using World Liberty’s stablecoin for cross-border transactions. The Pakistan Virtual Asset Regulatory Authority (PVARA) said in a statement that a memorandum of understanding with SC Financial Technologies would enable “dialogue and technical understanding around emerging digital payment architectures”.