Pakistan, WLFI, and the USD1 Stablecoin: A Cosmic Briefing 🚀

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In a development that could only be described as bureaucratically elegant, Pakistan has allied itself with a company tethered to the Trump-linked World Liberty Financial to poke at the shiny, slightly jittery world of digital finance and the precise art of using stablecoins for cross-border payments. 😉

Pakistan To Explore USD1 For Cross-Border Payments

On a Wednesday that felt suspiciously like a calendar page, Pakistan declared it had signed a memorandum of understanding with a crypto firm linked to the Trump Family’s main crypto blockbuster, World Liberty Financial-a collaboration so earnest it could have been drafted by a slightly bored robot. 🤖

As Reuters reluctantly noted, the Pakistan Virtual Asset Regulatory Authority (PVARA) signed on with SC Financial Technologies-an entity described, with the clinical detachment of a tax form, as affiliated to WLFI-to investigate the audacious prospect of shipping a USD1 stablecoin across borders without causing a global existential crisis. 🌍💸

The memorandum promises to enable a lively dialogue on the evergreen subject of “emerging digital payment architectures,” a phrase that sounds suspiciously like a fancy way to say “how to make money move while wearing a tie.” It was announced during WLFI founder Zach Witkoff’s visit to Pakistan, which is to say, everyone wore serious expressions and pretended not to laugh at fate. 😅

Witkoff, in a managerial coincidence that would make a dice roll blush, is also the CEO of SC Financial Technologies, the cooperative desk where USD1 stablecoin brands are hatched, co-owned with World Liberty Financial-proof that corporate paperwork loves a good family photo, even if the photos are entirely fictional and probably exist in a parallel universe. 📷✨

Under the agreement, the WLFI-linked company will join forces with Pakistan’s central bank to thread its USD1 stablecoin into a regulated digital payments structure. A source-somewhere between a whisper and a rumor-described it as a plan for the token to cavort playfully alongside Pakistan’s own digital currency infrastructure, like a polite cousin who brings an questionable invention to the family picnic. 🧺🪙

In the grand tradition of regulatory foresight that occasionally shows up to a party, PVARA officials have previously affirmed that Pakistan plans a national stablecoin as part of its grand modernization of payments and debt tokenization-the kind of commitment that makes a ledger glow with pride. The central bank is also piloting its own CBDC, which is to say: the future is not just coming, it’s filing paperwork for a return engagement. 📜🔮

“We intend to stay delightfully ahead of the curve by hobnobbing with credible global players, decoding new financial models, and making sure that innovation, when poked with a regulatory stick, behaves itself-within the bounds of regulation, stability, and the national interest,” quipped Pakistan’s Finance Minister Muhammad Aurangzeb, possibly while adjusting a wizard hat. 🧙‍♂️💬

WLFI Faces New Conflict Of Interest Concerns

Meanwhile, WLFI attracts scrutiny the way a spaceship attracts meteor showers. US Senator Elizabeth Warren fired off a letter to Comptroller of the Currency (OCC) Jonathan Gould, urging the agency to pause its examination of the Trump-linked company’s bank charter-because clearly a stablecoin needs a polite, bureaucratic permit to pretend to be a bank. 🚀🛰️

On January 7, World Liberty Financial filed with the OCC to operate as a national trust bank built explicitly for stablecoin services in the US. The aim, as ever, is to issue WLFI’s USD1 stablecoin and to offer custodial banking services while sneaking onto national payment networks under OCC supervision-like a very well-dressed cat slipping into a sunbeam. 🐱☀️

The senator dredged up an old fear from July: that the OCC could soon be faced with reviewing an application from a stablecoin issuer tethered to President Trump and his kin, potentially drafting regulations that could influence the president’s finances-like giving a dragon a permission slip to breathe on your treasure. 🐉🧾

Unlike many political free snacks of the past, Trump apparently has not hidden his crypto ventures in a trust overseen by neutral adults. An October investigation noted that his worries are managed by a revocable trust, with him as the sole beneficiary and the trust shepherded by his son, Donald Trump Jr.-which sounds like a family-friendly board game with a volatile banker. 🃏💼

In a letter dated Tuesday, Warren’s concerns leaped from the realm of hypothesis into something that resembles reality, much to the chagrin of the calendar. She argued that an approved application would let the OCC draft rules that influence the profitability of the President’s company and would underline its role in supervising and policing both the President’s company and, possibly, its competitors-like a referee with a very expensive whistle. 🏛️🎺

Her request: hit pause on WLFI’s review until Trump divests himself of all financial entanglements with family or company-because nothing says transparency like a time-out while the clock politely coughs up a few more tall tales. ⏳🗂️

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2026-01-15 11:15