Trump officials explore dollar stablecoin for Gaza

Officials associated with Donald Trump’s “Board of Peace” are exploring the creation of a US dollar-backed stablecoin intended for use in Gaza as part of broader plans to overhaul the region's war-damaged economy. This preliminary proposal is not meant to establish a new Palestinian currency but rather to serve as a digital payments system where traditional banking and access to Israeli shekels have been severely limited since the 2023 conflict. The effort is reportedly spearheaded by Israeli tech entrepreneur Liran Tancman, an adviser to the reconstruction oversight body, with input from Gaza’s technocratic administration. Supporters believe the digital currency could decrease dependence on physical cash and restrict Hamas's revenue streams, while critics express concerns that it might further isolate Gaza's economy from the West Bank and raise governance issues due to infrastructure limitations like power outages.

(Source：Crypto Briefing)