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24.02.26 - 13:42
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Trump′s Board Of Peace Mulling Stablecoin For Gaza Efforts: FT (ZeroHedge)
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Trump's Board Of Peace Mulling Stablecoin For Gaza Efforts: FT
Authored by Turner Wright via CoinTelegraph.com,
The Board of Peace established by US President Donald Trump, which requires a $1 billion contribution for membership, is reportedly exploring a stablecoin for use in rebuilding Gaza's economy following two years of war triggered by a Hamas terror attack in October 2023.
According to a Monday Financial Times report, the board is in the preliminary stages of discussing whether a stablecoin could be used to help rebuild Gaza's economy. A person familiar with the project reportedly said the stablecoin would not be a meme coin or a replacement for fiat currency, but rather “a means to allow Gazans to transact digitally.”
Trump announced the formation of the board in January. Membership requires countries to contribute $1 billion for a permanent, renewable role, while the US, according to Trump's social media announcement, pledged $10 billion. The majority of countries in western...
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24.02.26 - 13:18
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Trump′s New 10% Tariff Takes Effect; Dimon Warns on Credit Risks | Bloomberg Brief 2/24/2026 (Bloomberg)
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US equity futures rise after stocks sold off following a Citrini Research report that fueled AI disruption concerns. President Trump's 10% global levies kick in as the administration efforts to preserve his trade agenda after the Supreme Court struck down his original duties. Warnings around credit markets mount as JPMorgan Chase CEO Jamie Dimon says he sees parallels to the era before the 2008 financial crisis and Arini Capital Management Founder Hamza Lemssouguer expects significant defaults and disruption. Sharon Bell of Goldman Sachs discusses the market rotation out of US stocks. (Source: Bloomberg)...
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