Odaily Planet Daily reports that, according to the Financial Times, the “Board of Peace” led by U.S. President Donald Trump is exploring the issuance of a stablecoin pegged to the US dollar to support the digital transaction system in Gaza. Sources familiar with the matter stated that the stablecoin will serve as “a way for Gaza residents to conduct digital payments.”
Currently, Gaza is experiencing a severe humanitarian crisis, with cash access extremely limited. Many bank facilities and ATMs have been damaged or shut down, and new cash deliveries are also restricted, leading residents to increasingly rely on digital payment methods. The stablecoin initiative was proposed against this backdrop, aiming to establish basic financial transaction infrastructure.
The project is led by Israeli tech entrepreneur Liran Tancman, in collaboration with organizations such as the Gaza Administrative Committee (NCAG). Sources indicated that the plan not only includes the stablecoin but also involves building a “secure digital infrastructure” as an open platform to support electronic payments, financial services, online education, and healthcare systems, while allowing users to control their own data.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Lido's LDO Token Surges 30% in Monthly Rally as DAO Approves $20M Buyback Program
Lido's governance token LDO has gained 30% in 30 days, driven by a $20 million buyback program, while major DeFi competitors declined. Despite the rally, LDO remains down 94% from its peak.
GateNews21m ago
World Liberty Financial Proposes Restructured Vesting for 62.28B WLFI Tokens With Up to 4.52B Burn
World Liberty Financial proposed a governance restructuring affecting 62.28 billion WLFI tokens, including a potential burn of up to 4.52 billion tokens for eligible holders. The plan aims to align governance participation over two years, amid concerns about token unlocks and governance transparency.
GateNews2h ago
Circle Issues 250M USDC on Solana
Gate News message, April 16 — According to Whale Alert, Circle has minted 250 million USDC on the Solana blockchain.
GateNews4h ago
Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration
Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.
GateNews7h ago
Bank of AI Launches Airdrop Campaign with 5,000 USDT Prize Pool, 1,000 Winners to Share Rewards
Bank of AI has launched an airdrop campaign on a CEX's Web3 wallet, offering a 5,000 USDT prize pool for 1,000 participants who meet specific requirements, including wallet verification and social media engagement.
GateNews8h ago
JustLend DAO Completes Third JST Token Buyback and Burn, Destroying 271.3M Tokens Worth $21.3M
JustLend DAO completed its third JST token buyback and burn, destroying over 271 million tokens worth $21.3 million. Cumulative burns have now reached 1.36 billion tokens, or 13.70% of the total supply, with plans for ongoing quarterly cycles.
GateNews8h ago
