Pakistan is mulling the launch of a rupee‑backed stablecoin.

crypthub

11/9/2025, 6:30:24 AM

Stablecoin Initiative and Economic Potential

Pakistan is evaluating a rupee‑backed stablecoin as experts warn that delayed digital‑asset regulation could forfeit $20‑$25 billion in opportunities. The young population and expanding digital economy are seen as drivers for blockchain solutions. Success could position the country as a regional fintech leader.

Regulatory urgency and CBDC prospects

Pakistan Banks Association President Zafar Masud cautioned that postponing regulation risks losing billions in investment and innovation. He emphasized the importance of a central bank digital currency to broaden financial access and cut remittance costs. The State Bank’s deputy director confirmed a CBDC prototype is in development with IMF and World Bank support.

Fintech developments and market interest

Fintech startup ZAR plans to launch dollar‑backed stablecoins for everyday users, targeting financial inclusion for over 100 million unbanked adults. Recent funding rounds led by Andreessen Horowitz and other investors underscore growing confidence in the market. ZAR aims to serve Pakistan’s 240 million people through stablecoin access.

Regulatory framework and adoption growth

Pakistan has opened licensing to virtual asset service providers and international exchanges under a new federal system. The Pakistan Virtual Asset Regulatory Authority, created by the Virtual Assets Ordinance 2025, will enforce international standards and FATF guidelines. The country recently rose to third place in Chainalysis’ Global Crypto Adoption Index, reflecting rapid market expansion.