Trump's "Peace Committee" Plans to Advance USD Stablecoin Pilot in Gaza

BlockBeats News, February 24th, according to foreign media reports, Trump's "Board of Peace" is exploring the launch of a US dollar-backed stablecoin to help revive Gaza's stagnant economy. The project is still in its early stages and aims to restrict cash flow to Hamas while promoting the development of a digital payment system.

The plan is led by Israeli tech advisor Liran Tancman, involving Gaza's newly established National Committee for Advancing Gazan (NCAG) and the "Board of Peace," which will be responsible for formulating relevant regulatory rules. The proposed stablecoin will not replace the Israeli Shekel but will be used to support electronic payments, financial services, and digital business activities to address the current situation of damaged local infrastructure and restricted cash circulation.

However, there are concerns that this move may exacerbate the economic separation between Gaza and the West Bank, while Gaza's power and network infrastructure remain relatively weak. Stakeholders have stated that the plan is to complete a high-speed network upgrade by July of this year.