Trump’s Board of Peace Could Launch a Dollar-Backed Stablecoin In Gaza

Officials advising Donald Trump’s "Board of Peace" are considering the implementation of a US dollar-backed stablecoin to facilitate digital payments and support economic reconstruction in Gaza, according to reports. This proposal aims to address Gaza's severely impaired banking system, where cash access has been restricted since 2023. The stablecoin would be governed by the Board of Peace and Gaza’s interim technocratic administration, serving as digital dollars for aid delivery and daily transactions without replacing a sovereign currency. While this could restore economic activity and potentially improve aid transparency, it raises significant ethical concerns regarding external control over Gaza's financial system, as every transaction could be tracked and access potentially revoked. Furthermore, it risks economically isolating Gaza from the West Bank. Currently, the stablecoin remains only a proposal, but its implementation would mark a significant early use of digital dollar infrastructure in rebuilding a post-conflict economy.

(Source：BeInCrypto)