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Pakistan has signed an agreement with the American company SCFinancial Technologies to use the dollar stablecoin USD1 for cross-border payments. SCFinancialTechnologies is affiliated with the company of the family of US President Donald Trump, WorldLibertyFinancial, which issues USD1.
World Liberty Financial, together with the central bank of Pakistan, undertakes to integrate the Trump stablecoin into the digital payment system, Reuters reports, citing the text of the agreement. An official announcement of the deal is expected on Wednesday, January 14, during World Liberty Financial CEO Zach Witkoff’s visit to Islamabad.
Over the past year, Pakistan has created the Pakistan Virtual Assets Regulatory Authority, legalized the operation of the Binance and HTX crypto exchanges, and formed a state bitcoin reserve. Now the authorities are exploring the possibilities of tokenizing real assets in order to attract foreign investment and increase the liquidity of the financial system.
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In May 2025, Abu Dhabi State Investment Company (MGX) used Trump’s stablecoin to buy a stake in Binance, the world’s largest crypto exchange. The transaction amount was $2 billion.
Recently World Liberty Financial launched the World Liberty Markets platform for loans on the blockchain. The platform is powered by the USD1 stablecoin and the WLFI governance token. Users can pledge cryptocurrencies, including ether, bitcoin and popular stablecoins. According to CoinMarketCap, the market capitalization of the USD1 stablecoin is $3.4 billion.
At the end of last year, a scandal erupted around the WLFI token: several American senators accused World Liberty Financial of selling WLFI to representatives of Russia and North Korea.
