Trump's Board of Peace Could Launch a Dollar-Backed Stablecoin In Gaza - Yahoo Finance

*Officials advising Donald Trump’s “Board of Peace” are exploring a US dollar-backed stablecoin for Gaza, according to reports from the Financial Times. The proposal remains in early stages. *

However, it signals a potential shift toward using crypto as core infrastructure in Gaza’s post-war economic reconstruction.

Turning Gaza Into a Crypto Project?

According to the Financial Times, the stablecoin would be pegged to the US dollar and used to facilitate digital payments, not replace Gaza with a sovereign currency.

Governance would involve the Board of Peace and Gaza’s interim technocratic administration.

The discussions come as Gaza’s banking system remains severely impaired. Cash access has been restricted since 2023 due to ATM destruction and limits on physical currency deliveries.

As a result, digital payments have become more common, though connectivity and financial infrastructure remain fragile.

Board of Peace Takes Central Role in Gaza Transition

The Board of Peace sits at the center of Trump’s broader 20-point plan for Gaza. Trump chairs the body. Its members include senior US officials such as Secretary of State Marco Rubio and envoy Steve Witkoff, alongside international figures like former UK Prime Minister Tony Blair and World Bank President Ajay Banga.

The board oversees Gaza’s transitional governance, reconstruction planning, and economic recovery. It also coordinates with a Palestinian technocratic committee tasked with restoring services and managing daily administration.

Meanwhile, an international stabilization force is expected to handle security and policing during the transition period.