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According to Al Jazeera, in January this year Pakistan signed a memorandum of understanding with SC Financial Technologies, an affiliate of the Trump family’s crypto project World Liberty Financial (WLF), to explore using its dollar-pegged stablecoin USD1 for cross-border payments. But nearly six months later, Pakistani officials confirmed that USD1 has not yet been piloted, has not obtained a license, and has no known transactions. The report said that Trump earned more than $500 million last year solely through WLF token sales; analysts believe that the practical value of this cooperation for Pakistan lies more in gaining access to the Trump family’s government contacts than in the stablecoin being deployed itself.