Islamabad, Pakistan – When US President Donald Trump’s financial earnings in 2025 were released this week, one figure stood out. His family’s crypto venture, World Liberty Financial (WLF), brought him more than $500m from token sales alone last year, part of a broader crypto windfall worth hundreds of millions of dollars more.Pakistan was among the first countries to sign up with the firm.Recommended Stories list of 4 itemsend of listIn January, Pakistan’s Ministry of Finance signed a memorandum of understanding with SC Financial Technologies, an affiliate of World Liberty Financial, to explore the use of its dollar-pegged USD1 stablecoin for cross-border payments.Prime Minister Shehbaz Sharif and army chief Field Marshal Asim Munir were both present as the firm’s executives, including Trump adviser Steve Witkoff’s son Zach, were welcomed to Islamabad. Witkoff Jr signed the agreement with Pakistan’s Finance Minister Muhammad Aurangzeb.Nearly six months later, Pakistani officials have confirmed that there has been no pilot project to use USD1, no licences issued and no known transactions using the stablecoin.Yet, despite the gap between the ceremony and the official aim of the MoU, analysts say Pakistan has achieved something no less valuable than the half-a-billion dollars earned by Trump from World Liberty Financial: it has given Islamabad rare access to the Trump administration.Questions over utilityA stablecoin is a digital currency pegged to a fixed value, almost always the US dollar, de …
