British media: Trump's "Peace Committee" plans to introduce a stablecoin to reshape Gaza's economy.
PANews reported on February 24th, citing the Financial Times, that five sources familiar with the matter revealed that officials working with Trump's Peace Commission are exploring the possibility of establishing a stablecoin for Gaza to revitalize the economy of this war-torn Palestinian enclave. Discussions surrounding the introduction of a stablecoin are still in their early stages, and many details regarding its implementation in Gaza remain to be determined. However, officials have already discussed the idea as part of the enclave's future plans. One source stated that the stablecoin is expected to be pegged to the US dollar, and it is hoped that companies from Gulf Arab states and Palestine with expertise in digital currencies will take the lead. The source added, "This will not be a 'Gaza dollar' or a new Palestinian currency, but rather a tool for enabling digital transactions for the people of Gaza."
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Nubank plans stablecoin integration for credit card transactions
Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
