Pakistan's Bold Move: Stablecoins for Remittances and Trade

Pakistan is making waves in the world of digital finance. The country has teamed up with a company tied to former U. S. President Donald Trump to explore using stablecoins for remittances and trade. This move is part of Pakistan's effort to modernize its payment systems and reduce its reliance on cash. The partnership involves an affiliate of World Liberty Financial, a DeFi project linked to the Trump family. The goal is to integrate a dollar-backed stablecoin into Pakistan's regulated payments framework. This could make cross-border transactions cheaper and faster, which is a big deal for a country that receives over $36 billion in remittances each year. Pakistan is also positioning itself as a major player in the crypto market. With an estimated 40 million users, the country is working on a pilot for a digital currency and finalizing legislation to regulate virtual assets. The central bank is playing a key role in this effort, working closely with the affiliate of World Liberty Financial.The partnership with World Liberty Financial comes after a diplomatic push by Pakistan in Washington last year. The country hired a U. S. lobbyist and sought to attract American investment. Soon after, it began building links with World Liberty Financial. However, this move has drawn scrutiny. World Liberty Financial has been accused of potential conflicts of interest due to its links to the Trump family. In November, a report from House Judiciary Committee Democrats accused Trump of turning the White House into “the world’s most corrupt crypto startup operation. ” Despite the scrutiny, Pakistan is forging ahead with its plans. The country has a track record of striking deals with companies linked to its crypto advisers. For example, in December 2025, Pakistan signed an MOU with Binance to explore the tokenization of up to $2 billion in sovereign bonds, treasury bills, and commodity reserves. This partnership with World Liberty Financial is just the latest step in Pakistan's journey towards becoming a crypto hub. The country is allocating electricity for mining and courting industry figures and online influencers. It's a bold move that could pay off in the long run.