Pakistan Embraces Cryptocurrency Growth with Rupee-Backed Stablecoins

Facing a burgeoning $25 billion crypto market, Pakistan is exploring a rupee-backed stablecoin to harness its potential and boost financial inclusion. The initiative follows the country’s increasing digital economy and adoption of cryptocurrency, as reflected in the latest Chainalysis Global Crypto Adoption Index, which saw Pakistan climb six spots to rank third in 2025. Experts like Zafar Masud, President of Pakistan Banks Association, highlight the need for structured regulations to secure economic gains from blockchain innovations.