US President Donald Trump’s Peace Board is on the agenda with a new proposal. According to the claim made by FT, board advisors for the reconstruction of Gaza are discussing the issuance of large-scale stablecoins. Support will be received from an Israeli company for the issuance of the token.
Cryptocurrency for Gaza
Victims of Israel’s attacks in the region cryptocurrency donation We all remember the US politicians who opposed the acquisition. Palestinians who were left to die under the blockade were receiving donations with crypto money and spending with crypto wallets to survive. This method was talked about a lot and became popular throughout the process. Officials now advising Trump’s Peace Board are pushing for economic restructuring of the region. in Gaza It plans to launch a US dollar-backed stablecoin.
The main purpose here is to prevent Hamas from benefiting from aid. Following Israel’s attacks, Gaza’s banking and payment infrastructure was completely damaged. Due to the lack of payment infrastructure, it was concluded that the best solution was cryptocurrency wallets.
It is claimed that Israeli technology entrepreneur Liran Tancman is consulting on the project. Palestine Although the Monetary Authority operates as the central bank of Gaza and the West Bank, the primary currency in circulation in the region is the Israeli shekel, and access to physical money in Gaza has been significantly restricted from 2023 to the present.
