Pakistan Partners on Stablecoin with U.S. Fintech to Transform Payments

Pakistan signed a memorandum with U.S. fintech SC Financial Technologies to explore a dollar-pegged stablecoin, USD1, aimed at modernizing digital payments and remittances if integrated into the central bank’s framework. (Pakistan, United States)

The collaboration reflects Islamabad’s push to develop digital finance infrastructure, reduce reliance on cash, and improve cross-border transactions. With global remittances crucial to the economy, introducing a stablecoin could enhance efficiency, lower costs, and attract fintech innovation. HPC Consultancy can help its clients navigate regulatory scenarios, digital asset strategy planning, and fintech ecosystem development as these frameworks evolve.