Pakistan’s partnership with World Liberty Financial (WLF), the cryptocurrency venture linked to US President Donald Trump’s family, has strengthened diplomatic ties with the Trump administration despite little progress on the project’s original financial goals.
According to Trump’s 2025 financial disclosure, WLF generated more than $500 million from token sales last year, making it one of the biggest contributors to his income.
In January, Pakistan’s Ministry of Finance signed a memorandum of understanding (MoU) with SC Financial Technologies, a WLF affiliate, to explore the use of the USD1 stablecoin for cross-border payments. The agreement was signed in Islamabad in the presence of Prime Minister Shehbaz Sharif, Field Marshal Asim Munir, Finance Minister Muhammad Aurangzeb and WLF representatives, including Zach Witkoff.
However, nearly six months later, Pakistani officials say no pilot programme has been launched, no licences have been issued and no transactions using the USD1 stablecoin have taken place.
Despite the lack of implementation, analysts believe the agreement has delivered significant diplomatic value by giving Pakistan rare direct access to influential figures within the Trump administration, potentially strengthening future political and economic engagement between the two sides.
