Pakistan Signs Agreement to Explore Cross-Border Payments Using a $1 Stablecoin
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The Memorandum of Understanding aims to establish a structured dialogue and deepen technological cooperation in secure, compliant, and transparent digital payment infrastructure, as well as innovation in cross-border settlement and foreign exchange mechanisms.
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A delegation led by Zachary Witkoff, CEO of SC Financial Technologies LLC, met with senior Pakistani officials to discuss how countries around the world can address regulatory frameworks and technological changes in digital payment and settlement systems.
Officials stated that the meeting reflects Pakistan's growing influence in the global digital finance sector, with the World Liberty Financial organization currently holding its second round of high-level talks in Pakistan. Industry insiders believe this move indicates that Pakistan is being seen as a potential early partner for testing new digital payment models, including a $1 stablecoin.
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Senator Muhammad Aurangzeb, Pakistan's Federal Minister of Finance and Taxation, commented that Pakistan plans to continue its active participation in shaping the future of finance.
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He stated, “Pakistan recognizes that the future of finance is being shaped today. Our focus is on staying ahead by partnering with reputable global players to understand new financial models and ensuring that all innovations we explore are aligned with regulatory, stability, and national interests.”