Pakistan Weighs Rupee-Backed Stablecoin to Unlock $25 Billion Crypto Potential

Pakistan’s government is exploring the launch of a rupee-backed stablecoin, potentially unlocking up to $25 billion in crypto-related economic growth. Experts warn that delays in regulating digital assets could lead to substantial missed opportunities. This initiative comes as Pakistan has a booming cryptocurrency market, ranking third globally in Chainalysis’ 2025 Global Crypto Adoption Index. Speaking at the Sustainable Development Policy Institute (SDPI) Conference on Friday, Pakistan Banks Association (PBA) President Zafar Masud estimated potential growth of $20–$25 billion in crypto-related economic activity.