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There's a significant development worth paying attention to. According to reports, the Pakistani authorities have reached an agreement with World Liberty Financial and are preparing to explore the use of stablecoins for cross-border payments.
Here's the background: World Liberty Financial was officially launched in September 2024, focusing on crypto financial services. This collaboration with Pakistan is the company's first publicly announced partnership with a sovereign government.
From an industry perspective, this kind of cooperation is quite interesting. It indicates that the practical application of stablecoins in the international payment sector is indeed progressing, and many countries are starting to seriously consider this direction. Cross-border payments have always been a pain point—high costs, long cycles, and complex processes. If stablecoins can be effectively utilized, it could save a lot of trouble for all parties involved.
Of course, the specifics of implementation and regulation are likely to involve many details. But this signal itself is positive.