Trump administration’s peace panel weighs dollar-pegged stablecoin for Gaza reconstruction
Summary
- The Trump administration’s Board of Peace is reportedly considering introducing a U.S. dollar-pegged stablecoin to support Gaza’s economic reconstruction.
- The plan aims to use a blockchain-based payments system to improve transparency in aid funds, enable rapid disbursement, and prevent corruption.
- However, uncertainties remain over implementation as key details and hurdles—such as the issuer, technical infrastructure, and regulatory issues—have yet to be addressed.
According to the Financial Times on the 23rd (local time), the Trump administration’s Board of Peace is reportedly considering the introduction of a U.S. dollar-pegged stablecoin as one of the options for rebuilding Gaza’s economy.
The proposal is said to aim to enhance transparency in aid funding, enable rapid disbursement, and prevent corruption. The idea is to use a blockchain-based payments system to manage international assistance and reconstruction funds more efficiently.
However, details such as the specific issuer, technical infrastructure, and local receptiveness have not been disclosed. Observers say a range of challenges remain before any rollout, including diplomatic and security variables as well as regulatory issues.
JH Kim
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