Pakistan, Jan. 14 -- Pakistan has signed an agreement to explore a dollar-linked stablecoin for cross-border payments. The deal involves a firm affiliated with World Liberty Financial, linked to U.S. President Donald Trump's family. Officials say the move could modernize payments and support foreign exchange flows.

The Pakistan Virtual Asset Regulatory Authority signed a memorandum with SC Financial Technologies. Authorities said the agreement will enable dialogue on emerging digital payment systems. Notably, this marks one of World Liberty's first publicly announced partnerships with a sovereign state.

Read more: Pakistan set to launch sovereign stablecoin, crypto czar says

Under the agreement, SC Financial will work with Pakistan's c...