President Trump’s Board of Peace is exploring a dollar-backed stablecoin for Gaza to rebuild the war-damaged economy, with Israeli tech entrepreneur Liran Tancman leading the effort as critics warn it could economically separate Gaza from the West Bank.
The Stablecoin Proposal
The Financial Times reported that proposal would not create a new Palestinian currency.
Instead, it would function as a digital payments mechanism in a region where banking infrastructure has been severely disrupted and access to physical Israeli shekels has been constrained since the 2023 war.
The stablecoin would be pegged to the U.S. dollar, with Gulf Arab and Palestinian digital asset firms potentially supporting implementation.
At last week’s Board of Peace meeting in Washington, Tancman stated work was underway to build a “secure digital backbone” for Gaza, encompassing e-payments, financial services, distance learning, and healthcare.
The Case For Digital Payments
Following the 2023 war, access to cash …