Recent media reports have brought to light the possible launch of a stable cryptocurrency aimed at managing Gaza's economic conditions, sparking debate over the implications of such a currency. Analysts suggest that its adoption could serve as a means for Israeli and American authorities to exert control over the territory, particularly in efforts to diminish funding sources for Palestinian resistance movements. This concern is compounded by the fact that the concept has been proposed by a former Israeli officer.

The Financial Times reported that officials within the Peace Council, led by former US President Donald Trump, are exploring the possibility of introducing this stablecoin in Gaza as conventional banking systems have suffered significant disruptions due to the ongoing conflict with Israel, which has persisted since October 7, 2023. This instability in the financial sector has prompted discussions of alternative monetary solutions to facilitate economic management in the region.

Leading the initiative to implement the cryptocurrency is Liran Tankman, an Israeli businessman with a background in technology and a former reserve officer in the Israeli army, who serves as a 'volunteer advisor' within the Peace Council. His involvement highlights the intertwining of technology and geopolitical strategies in Gaza, raising questions about the motivations behind introducing such a currency and its potential consequences for the local economy and the broader conflict.