A Financial Times report suggested that the ‘Board of Peace’ established by Donald Trump is considering stablecoins as part of its efforts claiming to help rebuild Gaza.
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.”
Reminder: Donald Trump, who held zero cryptocurrency before becoming president, now has significantly more wealth in crypto than everything else combined.
If you think any crypto initiative involving him in any way is not a way to make it easier for bad actors to bribe the current infestant of the US’ most famous slave-built mansion with zero transparency, I have a mountain chalet in Florida to sell you.
Another grift emerges. It’s like the only thing he can do is be a corrupt piece of shit.
World‘s most famous fraudster continues to commit fraud, more at 11
Damn, I laughed at first because I misread the sub name as theonion… Stupid me.
The happens with growing regularity nowadays…
Every part of this “Board of Peace” plan is designed to funnel money to Trump connected entities. Perhaps next meeting they’ll discuss opening Trump’s 7th casino attempt in the Gaza strip.
I was expecting Donnie to look at the sign and exclaim: “No! I said Bored of Peace, not board of peace!”
The grift. It just continues. Knowing our luck, Trump will destroy earth and move his grift to Alpha Centauri. 10 year old green girls all the way.
The thing is about a crypto currency is that there is no one person that controls it. So if somehow a crypto currency is used for day-to-day transactions the boerd of peace would not be able to stop Hamas and similar groups from using the now legal currency in buying supplies tocontinues the struggle.
The only way would be total computer black out but that is counter intuitive to Trump’s whole “Silicon Gaza” plan.
Look at the Tether stablecoin, Tether is solely responsible for minting new tokens and has full control over the tokens, being able to blacklist or destroy wallets/tokens (since it controls the “smart contract” involved). And they have done so because of sanctions and law enforcement request in the past, with afaik well over 1 billion USDT frozen.
I see no reason why the trump team wouldn’t just go for the same mechanism for their stablecoin.
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