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Could Gaza’s New Currency Be Stablecoins – the Crypto Favored by Jihadis and the U.S. Government?

Could Gaza’s New Currency Be Stablecoins – the Crypto Favored by Jihadis and the U.S. Government?

Part of the mission of President Trump’s Board of Peace to restore normalcy and rebuild Gaza is to determine how Gazans are going to buy what they need and conduct business – and this could be a new or existing stablecoin. While the proposal is still in the “preliminary stage,” according to the Financial Times, if the organization does go for an existing coin, it could be Tether, the most popular stablecoin globally. Also in the news is Meta’s plan to integrate stablecoin payments into its apps later this year. However, on February 23, the Trump-backed USD1 stablecoin briefly dipped slightly below its benchmark $1 price but quickly recovered; a spokesman for its company said that its engineering and security teams had…

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