Pakistan Ties Up With Trump Family’s World Liberty Affiliate on USD1 Stablecoin | World News

Pakistan announced on Wednesday that it had signed an agreement with a firm linked to World Liberty Financial, the primary cryptocurrency venture of U.S. President Donald Trump’s family, to explore the use of World Liberty’s USD1 stablecoin in cross-border payments, according to Reuters.

The Virtual Asset Regulatory Authority of Pakistan said in a statement that it had signed a memorandum of understanding (MoU) with SC Financial Technologies, a relatively little-known firm described as a “subsidiary” of World Liberty.

The agreement aims to facilitate dialogue and improve technical understanding around emerging digital payment architectures.

This development marks one of the first publicly announced partnerships connecting World Liberty, a crypto-based financial platform launched in September 2024, with a sovereign state.

Meanwhile, the United States Department of State will reportedly pause visa processing for applicants from 75 countries. It is reported that the pause will be effective from January 21.

The pause will reportedly remain in effect indefinitely until the US State Department completes a re-evaluation of visa processing.

According to Hindustan Times, Pakistan is also included in the list.

However, ANI, citing Fox News, reported that the affected countries include Somalia, Russia, Afghanistan, Brazil, Iran, Iraq, Egypt, Nigeria, Thailand and Yemen, among others.