Pakistan's making waves in the crypto space. The country's gearing up to roll out its own stablecoin pegged to the Pakistani rupee.

VARA chairman Saqib didn't beat around the bush—he straight-up confirmed they'll "definitely launch" this digital asset. But here's the kicker: they're not stopping there. The nation's simultaneously pushing forward with central bank digital currency (CBDC) development.

This dual approach is pretty telling. While many countries are still waffling on crypto regulation, Pakistan seems to be taking a more aggressive stance—building both market-facing stablecoins AND sovereign digital currency infrastructure at once.

What's particularly interesting? A rupee-backed stablecoin could seriously shake up Pakistan's remittance economy (which is HUGE for them). Millions of overseas Pakistanis send money home regularly, and traditional channels eat up chunks in fees.

The timing matters too. As global regulators tighten their grip on crypto, Pakistan's jumping in with state-backed solutions rather than just saying "no" to the whole thing. Bold move or risky bet? We'll see how this plays out.