Key Takeaway:
- Advisers propose USD-pegged stablecoin to facilitate Gaza digital payments.
- Severe power and 2G connectivity constraints pose near-term operational hurdles.
- Framed as payments tool, not currency, for areas lacking cash and banking.
As reported by the Financial Times, officials advising Donald Trump’s “Board of Peace” are exploring a U.S. dollar‑pegged stablecoin to support digital transactions in Gaza. The same reporting notes concerns about Gaza’s limited power and internet, often only 2G, and says network upgrades for essential services are targeted for July 2026, highlighting near‑term operational hurdles.
According to The Block, project backers frame the instrument as a payments tool rather than a new Palestinian national currency. The concept aims to enable e‑payments where cash and formal banking rails have broken down.
Coingape reports that the 14‑member National Committee for the Administration of Gaza (NCAG) and the Office of the High Representative, led by Nickolay Mladenov, are engaged under the Board of Peace framework. The same outlet notes that Gulf Arab and Palestinian firms with digital payments expertise have been discussed as potential collaborators.
Stakeholders emphasize the initiative’s scope and limits before governance decisions are finalized. Liran Tancman, an Israeli tech entrepreneur and unpaid adviser to the Board of Peace, said the proposed system would be “not a new Palestinian national currency,” positioning it as a digital backbone for services.
English.news.cn relays academic critiques that the Board of Peace lacks institutional anchoring, with scholars warning that decisions tied to a single individual could undermine continuity and legitimacy. Those concerns intersect with questions raised elsewhere about oversight and how any Gaza‑focused payments system would relate to the Palestine Monetary Authority and West Bank financial structures.
At the time of this writing, Coinbase Global (COIN) closed at 164.32, up 16.46% on the day, based on data from Yahoo Finance. This market snapshot provides context and does not imply any view on, or linkage to, the Gaza stablecoin discussions.
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