Trump's So-Called 'Board of Peace' Wants to Put Gaza on the Blockchain

Trump's So-Called 'Board of Peace' Wants to Put Gaza on the Blockchain

Gazans have been restricted to 2G networks. Now planners are talking about a stablecoin.

Trump's Board of Peace Explores Dollar Stablecoin for Gaza

Officials advising Donald Trump's "Board of Peace" are exploring a dollar-backed stablecoin for Gaza, according to a Financial Times report published Monday.The proposal aims to restore financial activity in the enclave, where two years of Israeli military operations have destroyed most banking infrastructure — and to cut Hamas off from hard currency."The idea is to dry Gaza from cash so Hamas can't generate any," a person familiar with the disc…

Trump's 'Board of Peace' Explores Stablecoin For Gaza

An anonymous reader quotes a report from the Financial Times: Officials working with Donald Trump's "Board of Peace" are exploring setting up a stablecoin for Gaza as part of efforts to reshape the devastated Palestinian enclave's economy, according to five people familiar with the discussions. The talks around introducing a stablecoin -- a type of cryptocurrency whose value is pegged to a mainstream currency, such as the US dollar -- are at a p…

Report: Trump's Board of Peace Explores Stablecoin Idea to Address Gaza Cash Shortage

Early discussions inside President Donald Trump’s “Board of Peace” are exploring whether a U.S. dollar-pegged stablecoin could help reboot Gaza’s shattered economy through digital payments. The Financial Times (FT) first reported on the news that Trump’s U.S.-led Board of Peace — the body overseeing Gaza’s postwar reconstruction — is weighing the creation of a dollar-backed […]

Trump and Israeli Officials Discuss a Stablecoin for the Gaza Strip

Trump and Israeli officials are reportedly exploring a stablecoin to promote financial access in the war-torn region of Gaza