Pakistan to Pilot Dollar-Pegged Stablecoin with World Liberty Financial
Pakistan has signed an agreement with a company linked to World Liberty Financial — the cryptocurrency venture associated with U.S. President Donald Trump’s family — to explore using World Liberty’s dollar-pegged stablecoin (WLFI) for cross-border payments, a person involved in the deal said on Wednesday. The pact is described as an exploratory arrangement rather than a finalized rollout, intended to test the stablecoin’s suitability for remittances and international settlements.
If the pilot proceeds, officials say the stablecoin could speed up transfers and reduce foreign-exchange friction for Pakistan’s large remittance market, potentially lowering costs for recipients. The plan will likely draw regulatory scrutiny given the high-profile political connections and the broader global debate over stablecoin oversight; a successful trial could still influence how emerging economies approach digital dollar alternatives.