Odaily Planet Daily reports that, according to the Financial Times, the “Board of Peace” led by U.S. President Donald Trump is exploring the issuance of a stablecoin pegged to the US dollar to support the digital transaction system in Gaza. Sources familiar with the matter stated that the stablecoin will serve as “a way for Gaza residents to conduct digital payments.”
Currently, Gaza is experiencing a severe humanitarian crisis, with cash access extremely limited. Many bank facilities and ATMs have been damaged or shut down, and new cash deliveries are also restricted, leading residents to increasingly rely on digital payment methods. The stablecoin initiative was proposed against this backdrop, aiming to establish basic financial transaction infrastructure.
The project is led by Israeli tech entrepreneur Liran Tancman, in collaboration with organizations such as the Gaza Administrative Committee (NCAG). Sources indicated that the plan not only includes the stablecoin but also involves building a “secure digital infrastructure” as an open platform to support electronic payments, financial services, online education, and healthcare systems, while allowing users to control their own data.
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
Pi Network node deadline moved up! PI tokens surge 50% from lows
Pi Network has moved up the deadline for upgrading to version v20.2 to March 12, requiring mainnet nodes to complete the upgrade before the deadline or face disconnection. This move coincides with a 50% surge in PI token price. Analysts are cautious about the sustainability of the rally due to the closed mainnet limiting liquidity. Version v20.2 emphasizes enhanced KYC and biometric verification to improve platform security and compliance.
MarketWhisper1h ago
Across Protocol releases an important proposal to exchange ACX tokens for company shares
Risk Labs proposes "The Bridge Across" plan, transforming the ACX token into a U.S. C Corporation, offering two options: equity exchange or repurchase at $0.04375. Holders can exchange shares proportionally or sell tokens to receive USDC. The proposal aims to enhance legal contract signing capabilities, facilitate institutional cooperation, and maintain normal operations during the transition period.
MarketWhisper2h ago
Backpack will have its TGE on March 23, and a certain prediction platform shows that there is a 33% chance its FDV exceeds $500 million.
Gate News Announcement, March 12 — Backpack has confirmed that the TGE will take place around March 23. Real-time betting data from a prediction platform shows that the probability of Backpack's TGE first-day FDV exceeding $300 million is about 68%, and the probability of exceeding $500 million is 33%. Backpack CEO Armani Ferrante previously stated during an official Twitch live stream that the token TGE date is approximately March 23.
GateNews2h ago
Tether Burns $1B USDT on Tron Network After One Month
Gate News bot message, Tether has burned $1 billion USDT on the Tron network after a month. The large-scale token destruction operation was completed on the Tron blockchain.
GateNews2h ago
Across's new proposal plans to convert the protocol from a DAO structure to a U.S. C-corp company, allowing ACX holders to choose between equity exchange or token purchase.
Across Community proposed a new plan on March 12th to transform the existing "DAO + Token" structure into a U.S. C-corp company, holding the protocol's intellectual property rights. ACX holders can choose to exchange for equity or sell tokens for USDC at $0.04375 per share, with plans to execute within 6 months.
GateNews2h ago
Backpack Token TGE is scheduled for March 23, and it can be exchanged for 20% of the company's equity.
Backpack Exchange CEO Armani Ferrante announced during a live stream that the Backpack token's Token Generation Event (TGE) will take place on March 23, with a total supply of 1 million tokens, of which 62.5% will be allocated to users. Users who stake tokens can exchange for 20% of the company's equity after one year. This design aims to attract long-term investors and avoid selling pressure.
MarketWhisper2h ago
