Pakistan to launch first stablecoin, official says
Minister of State for Crypto, Blockchain and CEO of Pakistan Crypto Council Bilal Bin Saqib. Photo: X Pakistan is poised to enter the global digital financial arena with the launch of its first stablecoin, a move aimed at integrating virtual assets into the national economy, Bilal bin Saqib, chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA), announced on Friday. Speaking at Binance Blockchain Week, Saqib confirmed that the country will “definitely launch” a stablecoin, while also developing Central Bank Digital Currencies (CBDCs). “I think it’s a great way to secure public debt,” Saqib said. “We want to be at
