Trump's Board of Peace said mulling stablecoin for Gaza efforts: FT

• Trump’s Board of Peace exploring stablecoin to aid Gaza’s digital economy. • Stablecoin would not replace fiat, but enable digital transactions for Gazans. • Board requires $1B membership fee; US pledged $10B. • 26 founding members include Israel, Saudi Arabia, Hungary, El Salvador. • Western European countries largely declined to join the board. • Trump administration supports stablecoin use via GENIUS Act.

Article Summaries:

• The Trump‑established Board of Peace, which requires a $1 billion membership fee, is reportedly in early talks about issuing a stablecoin to support Gaza’s post‑war economy, according to a Financial Times report. The coin would aim to enable digital transactions for Gazans, not replace fiat or become a meme token. The board, launched in January, has 26 founding members-including Israel, Saudi Arabia, Hungary and El Salvador-while most Western European states declined to join. The U.S. pledged $10 billion, and the Trump administration has backed broader stable‑coin use domestically. No issuer has been named, and the proposal remains preliminary. Trump has also floated tokenizing land for post‑war relocation plans.

Sources:

• https://cointelegraph.com/news/donald-trump-stablecoins-gaza?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound