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
Biotech Company NovaBay Announces Pivot to Stablecoin Business, Stock Price Rises 19%
Biotech company NovaBay announced a strategic transformation, rebranding itself as Stablecoin Development Corporation to venture into the digital asset field, with its stock price increasing by about 19%. The company changed its stock ticker from NBY to SDEV and holds approximately 2.06 billion SKY tokens. This transition was facilitated by $134 million in private equity financing.
GateNews1h ago
MagicEden increases the ME token buyback and staking dividend ratio to 30% of core revenue
Gate News reported that on March 23, MagicEden posted on the X platform stating that it will increase the core revenue allocation for ME token buybacks and staker dividends from the previous 15% to 30% in the third quarter.
GateNews9h ago
U.S. listed company NovaBay Pharmaceuticals rebrands and pivots to stablecoin business, holding approximately 2.06 billion SKY tokens.
NovaBay Pharmaceuticals announced on March 23 a rebranding to Stablecoin Development Corporation, with its ticker symbol changed to SDEV, redirecting its business focus toward cryptocurrency and stablecoin development. The company completed a private financing round of 134 million dollars, acquiring substantial SKY tokens and cash, with additional purchases made through secondary markets. As of March 16, the company held approximately 2.06 billion SKY tokens, valued at approximately 147 million dollars.
GateNews10h ago
Strategy Launches Maximum $44.1 Billion ATM Offering Program, Adds Three Sales Agents
Strategy filed an 8-K with the SEC on March 23, announcing the addition of three new underwriting dealers and the launch of a new ATM offering program involving common stock and preferred stock. The company also adjusted the authorized shares for STRC and STRK, and terminated the original STRK preferred stock offering program.
GateNews11h ago
Aster DEX Launches Stage 6 Buyback Reserve for ASTER
Aster DEX has launched its Stage 6 strategic buyback program to help stabilize the $ASTER token amid ongoing market ups and downs. The program executes token repurchases from a dedicated strategic wallet
Moreover, all transactions are fully on-chain and publicly visible, demonstrating Aster’s
Coinfomania13h ago
Bernstein: Circle and a certain CEX become the best investment targets in the stablecoin market through their USDC partnership
Bernstein analysts point out that Circle's USDC partnership with a certain CEX is a direct play for investing in the stablecoin market. AI agent machine payments could bring incremental demand, but the scale remains small for now. USDC's supply and trading volume have reached all-time highs, with leading market share.
GateNews13h ago
