Pakistan has been making massive efforts to bolster blockchain adoption in the country. In its most recent move, the Pakistan Crypto Council (PCC) entered a strategic relationship with Trump-linked World Liberty Financial (WLFI). According to recent reports, this move is aimed at promoting the adoption of blockchain, DeFi and stablecoins in the country. 

The partnership between PCC and WLFI comes after a recent meeting between the delegation of the Trump-backed DeFi project and Pakistan’s top officials. Some of the officials part of the meeting included the Pakistan Minister of Finance Muhammad Aurangzeb, Army Chief General Asim Munir and Prime Minister Shehbaz Sharif. 

As part of the partnership, the two parties (Pakistan Crypto Council and World Liberty Financial), signed a series of agreements on Saturday April 26. 2025. According to reports, the signing ceremony was attended by top figures like CEO of Pakistan Crypto Council Bilal Bin Saeed, Pakistan Minister for Information Ata Tarar, the WLFI co-chairman Zack Vetkoff and other officials. 

Pakistan’s agreements with WLFI focus on promoting investment and innovation in the Pakistan crypto adoption strategy. Pakistan has a broader strategy to establish itself as a crypto hub in South Asia. With other countries in the region having a rather strict stance on crypto, Pakistan views blockchain, stablecoins and DeFi as a means to boost its economy. 

However, Pakistan crypto adoption faces several challenges. One notable challenge is that the country lacks a clear legal framework to regulate cryptocurrencies. Additionally, crypto-related activities are not legal in the country. However, local reports prospect that Pakistan could be gearing to announce the legalization of crypto in the near future following the partnership between WLFI and PCC. 

“Pakistan set to unveil crypto legalization soon,” TechJuice, Pakistan’s local news platform, shared on X on April 26. 

JUST IN: Trump-backed World Liberty Financial (@worldlibertyfi) signs LOI with Pakistan Crypto Council (@cryptocouncilpk) to boost blockchain, DeFi, and stablecoin adoption. Pakistan set to unveil crypto legalization soon.#DigitalPakistan pic.twitter.com/9RfdFbZos6

— TechJuice (@TechJuicePk) April 26, 2025

Several officials from both Pakistan and World Liberty Financial have shown excitement following the partnership between PCC and WLFI. Zach Witkoff – WLFI co-chairman, for instance, expressed his enthusiasm after the agreement-signing ceremony. 

“Historic day for @worldlibertyfi at our MOU signing ceremony in Pakistan today. We are looking forward to bring diversity and financial inclusion to the next generation in Pakistan and beyond,” Witkoff wrote on X. 

Bilal Bin Saqib (CEO of PCC) is also excited about the prospect of creating a strategic partnership with World Liberty Financial. “We look forward to building a long-term partnership that demonstrates how blockchain can unlock massive opportunities for the emerging markets” Saqid remarked. 

With Pakistan having a median age of just 24 years, this creates an immense opportunity for the South Asian country to leverage on crypto. Leveraging on the adoption of stablecoins, blockchain and DeFi could drive the country’s economy to new heights. Stablecoins can serve as vital financial tools to facilitate safe, secure and faster cross-border payments. 

The Trump-backed DeFi project World Liberty Financial is becoming a major player in the decentralized finance (DeFi) sector. The firm recently announced the launch of USD1, a stablecoin built on the BNB Chain. This stablecoin will be pegged against the U.S dollar and will be redeemable one-to-one for USD. Additionally, it will be backed entirely by short-term US government treasuries, dollar deposits, and cash equivalents.

According to the official press release, Zach Witkoff differentiated USD1 from other stablecoins. “USD1 provides what algorithmic and anonymous crypto projects cannot — access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance,” Witkoff stated. 

WLFI’s venture into the stablecoin sector with USD1 launch further adds to its commitment to providing the DeFi sector with top solutions. Strategic partnerships like the one with Pakistan Crypto Council, with CZ as crypto advisor, also adds to the firm’s growing role in crypto adoption.