2026-01-17 16:23:11

Pakistan has reached a memorandum of understanding with a USD-pegged stablecoin project to jointly explore application prospects in cross-border payments, international remittances, and trade settlement. The stablecoin project currently has a circulation volume of over $3.4 billion and supports deployment on multiple public blockchains. This is the world's first public cooperation agreement signed between a sovereign country and a crypto project, marking a significant step forward in the exploration of digital asset applications at the national level. Although still in the early stages, this move provides a new approach for the compliant use of stablecoins in the field of cross-border payments.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
5
Repost
Share

Comment

0/400

rekt_but_not_broke

· 01-18 23:07

Pakistan's move is really bold; finally, a country dares to take the plunge... 3.4 billion in scale is also okay, let's see if it can truly be implemented later on.

View OriginalReply0

MetaverseMortgage

· 01-17 16:53

Pakistan's move is indeed interesting, but can stablecoins really solve their remittance issues? It still seems to depend on subsequent implementation.

View OriginalReply0

consensus_whisperer

· 01-17 16:35

Pakistan's move is quite interesting, but whether it will be implemented effectively depends on how the follow-up progresses.

View OriginalReply0

TradingNightmare