Trump‘s ‘Board of Peace‘ Considers Stablecoin for Gaza Efforts: FT

Donald Trump's Board of Peace, which requires a $1 billion contribution for membership, is reportedly in the early stages of discussing the creation of a stablecoin to aid in the economic rebuilding of Gaza following the conflict initiated by the October 2023 Hamas attack. A source familiar with the project indicated the stablecoin would function as a means for Gazans to transact digitally, rather than serving as a meme coin or a fiat currency replacement. The board, which includes founding members like Israel, Saudi Arabia, and El Salvador, was announced by Trump in January. Separately, the article notes that the Trump administration has previously supported stablecoin use and that Trump himself had reportedly considered tokenizing land in Gaza as part of a postwar development plan. However, one expert suggested that any official Gaza stablecoin would likely face similar unregulated usage patterns already seen with existing stablecoins in the region.

(Source：Cointelegraph)