Pakistan has signed an agreement with a company linked to World Liberty Financial, connected to the family of US President Donald Trump, to explore the use of its dollar-pegged stablecoin for cross-border payments. The stablecoin, USD1, has a market cap of $3.4 billion. World Liberty Financial will collaborate with Pakistan’s central bank to integrate the stablecoin into a regulated digital payments framework. Specific terms of the agreement were not disclosed. Pakistan is expected to announce the deal during a visit by World Liberty chief executive Zach Witkoff to Islamabad. World Liberty has attracted attention for facilitating major transactions, including the purchase of a $2 billion equity stake in Binance using its stablecoin. World Liberty also launched World Liberty Markets, an onchain lending and borrowing platform built around its USD1 stablecoin. Pakistan is pushing to become a major global crypto hub, formalizing its crypto ecosystem and attracting foreign investment through real-world asset tokenization.

Read more at Cointelegraph: Pakistan Explores World Liberty Stablecoin Deal for Cross-Border Payments