Financial Times: Trump's Peace Board Explores Stablecoin Initiative for Gaza Reconstruction
Sources with knowledge of the initiative have indicated that the stablecoin being preliminarily considered by the board would function as "a means to allow Gazans to transact digitally," according to reports.
US President Donald Trump's Board of Peace, which demands a $1 billion payment for membership status, is said to be considering a stablecoin as a potential tool for rebuilding Gaza's economic infrastructure after two years of conflict that began with a Hamas terror attack in October 2023.
Based on a Monday report from the Financial Times, the board has entered preliminary discussions regarding whether a stablecoin might serve as a mechanism for Gaza's economic reconstruction. Sources with knowledge of the initiative reportedly indicated that the proposed stablecoin would serve as "a means to allow Gazans to transact digitally," rather than functioning as a meme coin or serving as a fiat currency substitute.
The board's creation was announced by Trump in January. Countries seeking membership must provide a $1 billion contribution to obtain a permanent, renewable position, whereas the United States, based on Trump's social media statement, committed $10 billion. The vast majority of western European nations rejected invitations to participate, while 26 nations including Israel, Saudi Arabia, Hungary, and El Salvador became founding members.
The Financial Times article did not identify which organization might be tasked with issuing such a stablecoin if the board proceeds with the plan. That said, the Trump administration has promoted policies encouraging expanded stablecoin usage in the United States, including the president's signing of the GENIUS Act into law in July.
"The current proposal for the Gaza stablecoin is still very premature. [O]ver the last two years, OTC desks in Gaza have moved over $100 million in stablecoins with almost no restrictions, without the proper framework, same thing will happen with the Gaza stablecoin."
Snir Levi, CEO of blockchain intelligence platform Nominis
Trump also reportedly considering tokenized postwar Gaza plan
A ceasefire agreement for Gaza has been officially implemented since October 2025, although Israeli forces have allegedly violated the agreement on multiple occasions. A substantial percentage of inhabited regions in the territory have sustained destruction or significant damage since 2023.
Consequently, various members of the Trump administration, including the president himself and his son-in-law Jared Kushner have put forward proposals for the area's development.
Trump has reportedly considered a proposal to tokenize land assets and employ digital tokens as a method to relocate and provide housing for residents during a United States occupation of the territory. In February 2025, before any ceasefire was established, he stated that the United States should "take over" Gaza and transform it into the "Riviera of the Middle East."