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

Source: Slashdot

Stablecoin proposal for Gaza

Background

An anonymous reader quotes a report from the Financial Times: officials working with Donald Trump’s “Board of Peace” are exploring the creation of a stablecoin for Gaza as part of efforts to reshape the devastated Palestinian enclave’s economy. The talks are at a preliminary stage, and many details about how a stablecoin could be introduced in Gaza remain to be determined.

“This will not be a ‘Gaza Coin’ or a new Palestinian currency, but a means to allow Gazans to transact digitally,” the person said.

Economic context

The proposal comes amid a collapse of economic activity during Israel’s two‑year war with Hamas, which has severely impaired the traditional banking and payments system in the enclave. Officials hope the stablecoin—a cryptocurrency whose value is pegged to a mainstream currency such as the US dollar—will help restore digital transactions.

Proposed implementation

• The stablecoin is expected to be tied to the US dollar.
• Gulf Arab and Palestinian companies with expertise in digital currencies are anticipated to help spearhead the effort.
• The “Board of Peace” and the National Committee for the Advancement of Gaza (NCAG) will decide on the stablecoin’s regulatory framework and access, though “nothing definitive” has yet been finalized.

Leadership and governance

Work on the idea is being led by Liran Tancman, an Israeli tech entrepreneur and former reservist who now serves as an unpaid adviser to Trump’s “Board of Peace,” the US‑led body tasked with rebuilding Gaza. Speaking at a recent Board of Peace meeting in Washington, Tancman said the NCAG is working on building “a secure digital backbone, an open platform enabling e‑payments, financial services, e‑learning, and healthcare with user control over data,” but did not elaborate further.