The Financial Times of the UK quoted sources familiar with the matter, stating that the “Board of Peace,” led by U.S. President Donald Trump and aimed at promoting post-war reconstruction in the Middle East, is evaluating the creation of a USD stablecoin for the Gaza Strip to serve as a digital transaction tool for local residents, thereby revitalizing Gaza’s economy.
Since Hamas launched a large-scale attack on Israel in October 2023, the Gaza Strip has been mired in conflict. Israel’s subsequent intense airstrikes and ground military operations aim to completely dismantle Hamas forces, but the prolonged fighting has also caused devastating destruction in Gaza, triggering a severe humanitarian crisis.
The Financial Times pointed out that Gaza’s traditional financial system is almost completely paralyzed. ATMs are either destroyed or forced to shut down, and Israel’s strict blockade on new cash shipments has cut off residents’ access to cash. In this extreme cash shortage, locals and businesses have had to turn to digital transactions to meet their basic needs.
The report states that this stablecoin project is led by Israeli tech entrepreneur Liran Tancman, in collaboration with the Gaza National Committee (NCAG) and various organizations and institutions.
The “Board of Peace” was originally established to address Gaza’s issues, but Trump’s vision seems to have shifted. He hopes to grant the committee greater authority, not only to promote lasting peace between Israel and Hamas but also to help resolve global conflicts, which has raised concerns about Trump’s attempt to “replace the United Nations.” Notably, countries seeking permanent seats on the committee must pay an “entry fee” of at least $1 billion.
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
Latin American e-commerce giant Mercado Libre announced that it is shutting down its own cryptocurrency token, Mercado Coin.
Mercado Libre announced that it will shut down its own crypto token, Mercado Coin, starting on April 17, ending a nearly four-year user incentives experiment. Users can choose to sell the tokens or use them to offset payments, reflecting a reassessment by large technology companies of the viability of their own crypto assets. Even so, the company continues to maintain other crypto businesses, showing a cooling off in the platform-token model.
GateNews55m ago
$METAWIN Presale Raises $350,000 in Hours
[PRESS RELEASE – Panama City, Panama, March 20th, 2026]
$METAWIN Raises $350,000 in Hours as First Two Tranches Sell Out – Sub-10c Pricing Closes Today!
Less than 12 hours after launch, the $METAWIN community token presale has
CryptoPotato1h ago
Latin America’s Mercado Libre Pulls the Plug on Its Crypto Coin
In brief
Mercado Libre killed Mercado Coin after a failed four-year experiment.
The company's stablecoin is replacing the Mercado Coin loyalty token.
Nubank’s Nucoin collapse shows industry-wide failure of reward tokens.
Latin America's e-commerce giant quietly killed its ERC-20 loyalty
Decrypt2h ago
Encryption Supremacy: Zcash and Privacy in the Age of Scale
The essay discusses advancements in machine learning for Bitcoin transaction classification, highlights Zcash's increasing use of shielded transactions, and outlines the growth of decentralized liquidity in bypassing KYC. It also covers Zcash's post-quantum initiatives and its recent organizational restructuring.
CoinDesk5h ago
Three tokens that were unlocked during the first week of April 2026
The crypto market is expected to see more than $643 million worth of tokens unlocked in just the first week of April 2025. Notably, major projects such as Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA) will all increase their supply at the same time, creating potential catalysts for volatility
TapChiBitcoin8h ago
The edgeX team allocated 180 million airdropped tokens to approximately 80 of its own wallets, totaling over $90 million
Gate News update: On March 31, according to monitoring by the X account how2onchain, the edgeX team allocated most of the airdropped tokens to more than 80 wallets under its control, distributing a total of about 180 million tokens, with a total value of over $90 million.
GateNews8h ago
