2026-01-14 10:27:50

The State Bank of Pakistan is advancing a plan to upgrade its digital financial infrastructure. According to public reports, the local financial regulatory authorities have reached a cooperation agreement with relevant stablecoin projects, aiming to incorporate the USD1 stablecoin into the officially regulated digital payment framework system. The uniqueness of this initiative lies in the fact that the stablecoin will operate in parallel with the State Bank of Pakistan's own digital currency system, rather than replacing it. In practical applications, this design offers more options for cross-border payment scenarios—businesses and individuals can either use the central bank's official digital currency solution or leverage the liquidity advantages of stablecoins. This "official + stablecoin" hybrid model is relatively rare in the exploration of central bank digital currencies in emerging markets, reflecting the gradual acceptance of stablecoin ecosystems by central banks worldwide.

USD1-0,05%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

ContractTearjerker

· 5h ago

Pakistan's recent moves are quite interesting; the central bank and stablecoins are shaking hands, which is indeed rare in emerging markets. Really, can this make cross-border payments cheaper? Official + stablecoin dual-track, it feels a bit like a tug of war... can it work? Finally, stablecoins are being recognized by the mainstream, what does that imply? If this gets promoted widely, could it become a benchmark case for central bank digital currencies? Parallel coexistence rather than replacement, meaning the market chooses itself, I respect this logic. Pakistan daring to play this way, will other emerging markets follow suit? I'm a bit期待. The liquidity advantage of stablecoins + central bank endorsement, whether this combo works depends on the implementation results. It feels like the shift from demonization to acceptance of stablecoins has been quite rapid...

View OriginalReply0

MoneyBurner

· 8h ago

This hybrid model looks promising, but are the cross-border arbitrage opportunities really here? --- Stablecoins have finally been recognized by the central bank. Dare to build a position with me and give it a try? --- Official endorsement + liquidity premium, this on-chain data is about to take off --- Another emerging market is adopting stablecoins. Wait, can we arbitrage this? --- No, Pakistan is already playing the hybrid model. We need to catch up quickly --- Central bank digital currencies combined with stablecoins, this chess game is getting bigger and bigger --- Wow, this design is quite something. I’m convinced by the logic that parallelism does not replace succession --- Liquidity premium + official regulation, have we found another undervalued opportunity? --- Emerging market central banks are starting to loosen restrictions on stablecoins. Is this a signal?

View OriginalReply0

HodlKumamon

· 8h ago

Stablecoins are finally no longer disliked by the central authorities, and 熊熊 is a bit emotional. --- Official + stablecoins running in parallel? I like this data model; the idea of diversifying risk really has no flaws. --- Pakistan's recent moves are quite intelligent; instead of opposing, it's better to join in. The liquidity cake is bigger that way. --- [Serious face] If cross-border payments can truly be streamlined, the significance for emerging markets will be statistically very high. --- Wait, those central banks that previously claimed stablecoins threaten financial security should go reflect and face themselves. --- 熊熊 just did some quick calculations: this hybrid model can improve payment efficiency by about 20-30%, brilliant. --- As expected, relaxing policies is the right path. Central banks that are resisting Web3 are quietly learning from experience. --- The USD1 stablecoin entering the central bank system indicates that the review mechanism is aligned. Kudos to Pakistan's courage. --- A new case will be added to the dollar-cost averaging guide; all central banks are optimizing asset allocation.

View OriginalReply0

BlindBoxVictim

· 8h ago

Pakistan's move this time is indeed quite clever, and parallel systems won't replace it. That's a smart approach.

View OriginalReply0

LayerZeroHero

· 8h ago

Pakistan's move is quite interesting, but can stablecoins really coexist with the central bank without internal conflict? --- Official + stablecoin dual-track system, emerging markets are finally waking up --- This move is much more flexible than simply issuing CBDC, giving users more choices is indeed an improvement --- It's nice to say it's parallel, but in reality, it's still testing the bottom line of central bank digital currencies --- Cross-border payments finally have competition, indicating that stablecoins indeed have value --- Suddenly, central banks in emerging markets are becoming smarter, no longer seeing it as a matter of either/or --- Pakistan's move is steady, neither banning stablecoins nor letting them overshadow the main currency

View OriginalReply0