Pakistan is advancing plans to develop a rupee-pegged stablecoin alongside a central bank digital currency (CBDC), signaling a strategic push to modernize its financial infrastructure and capitalize on an estimated $25 billion cryptocurrency opportunity. Government officials and financial regulators are evaluating these digital assets as tools to broaden financial inclusion, particularly for unbanked and underbanked populations across the country.
The proposed rupee-backed stablecoin would maintain a 1:1 parity with Pakistan’s national currency, providing digital transaction capabilities while minimizing volatility risks associated with conventional cryptocurrencies. Simultaneously, the State Bank of Pakistan is progressing with CBDC research and development, recognizing the potential for enhanced payment efficiency and reduced transaction costs.
This dual approach reflects Pakistan’s comprehensive strategy to position itself within the global digital economy while addressing domestic financial accessibility challenges. The initiatives align with broader regional trends where emerging economies are leveraging blockchain technology to create more inclusive financial ecosystems.
Industry analysts project that successful implementation could unlock significant economic value, potentially transforming Pakistan’s digital payment landscape and creating new opportunities for both domestic and international digital asset markets. The government’s coordinated approach between traditional banking systems and emerging digital finance solutions demonstrates a measured transition toward financial digitization.
