Trump's 'Board of Peace' Eyes USD Stablecoin for Gaza
A crypto dollar pegged to USD is being explored as Gaza's cash supply lies in ruins after the Israeli offensive.
Trump's so-called "Board of Peace" is actively exploring a US dollar-pegged stablecoin designed for use in Gaza, according to sources cited by the Financial Times.
The proposal comes as Gaza's physical cash supply has been decimated during the Israeli military offensive, leaving the territory in desperate need of a functioning monetary system.
Before anyone gets too excited — or alarmed — sources stress this will not be branded as a "Gaza Coin" or serve as a new Palestinian currency. It's a stablecoin pegged to the dollar. Full stop.
The move would effectively dollarize transactions in the territory via blockchain rails, sidestepping the wreckage of traditional financial infrastructure.
No timeline or technical details have been disclosed. But if it moves forward, it would mark one of the most politically charged deployments of stablecoin technology to date.