Trump's 'Board of Peace' Proposes Gaza Stablecoin

Officials working with Donald Trump's 'Board of Peace' are exploring the launch of a US dollar-backed stablecoin for the Gaza Strip. This preliminary proposal aims to rebuild the enclave's war-damaged economy by providing a digital payments mechanism, as banking infrastructure has been severely disrupted and access to physical Israel===Israeli new shekels is constrained. The effort is reportedly led by Israeli tech entrepreneur Liran Tancman, an adviser to the US-led body overseeing reconstruction, with involvement from officials of the Palestine===National Committee for the Administration of Gaza. Supporters argue it could reduce reliance on scarce physical cash and limit revenue channels for Hamas. Critics, however, warn of potential economic fragmentation between the Gaza Strip and the West Bank, and raise concerns about governance given the Gaza Strip's power outages and reliance on 2G networks. The stablecoin would be pegged to the US dollar, with Gulf Arab and Palestinian digital asset firms potentially supporting implementation. The initiative is part of a broader postwar economic overhaul plan.