World Liberty Financial signs agreement with Pakistan Crypto Commission to explore blockchain opportunities despite significant drop in portfolio value.
Key Takeaways:
i) World Liberty Financial (WLFI), linked to the Trump family, is collaborating with the Pakistan Crypto Commission (PCC) to explore blockchain and crypto adoption in Pakistan.
ii) Pakistan’s crypto market is experiencing rapid growth, boasting 25 million users and an annual transaction volume of $300 billion, presenting a substantial economic opportunity.
iii) Despite this expansion into Pakistan, WLFI’s portfolio has suffered a significant decline, losing over 50% of its value, amounting to approximately $2.1 million.
Money Matters Monitoring – World Liberty Financial (WLFI), a cryptocurrency project associated with the Trump family, has signed a letter of intent with the Pakistan Crypto Commission (PCC). The agreement aims to foster blockchain innovation, promote stablecoin adoption, and integrate decentralized finance (DeFi) solutions within Pakistan.
Pakistan’s burgeoning cryptocurrency market, with an estimated 25 million active users and an annual transaction volume reaching $300 billion, has attracted WLFI’s attention. The collaboration will focus on establishing regulatory sandboxes to test and refine crypto applications, exploring asset tokenization, and implementing stablecoin solutions tailored to the Pakistani market. The potential economic impact of these initiatives is considerable, given the scale of Pakistan’s crypto activity.
However, this venture into Pakistan coincides with a significant downturn in WLFI’s financial performance. The project’s portfolio has reportedly lost over 50% of its value, translating to approximately $2.1 million in losses. This financial backdrop adds a layer of complexity to the collaboration with the PCC.
Huobi Earn, a cryptocurrency exchange, is also capitalizing on the news by launching a limited-time promotional event offering a high annualized interest rate of 20% on TRUMP tokens.
