TLDR

  • Donald Trump’s Board of Peace is in the early stages of talks about developing a dollar-backed stablecoin for Gaza
  • The stablecoin would provide Gazans with a digital transaction method and is not intended to replace physical currency
  • Israeli tech entrepreneur Liran Tancman is heading the initiative together with the National Committee for the Administration of Gaza
  • Cash access in Gaza is extremely restricted because ATMs have been destroyed or closed, and Israel has blocked new cash shipments
  • Trump enacted the GENIUS Act—the first federal stablecoin legislation in the U.S.—in July 2025

Donald Trump’s Board of Peace is in early discussions about creating a dollar-pegged stablecoin for Gaza, per a Financial Times report that cites five individuals with knowledge of the negotiations.

The stablecoin would offer Gazans a means to conduct digital transactions. It is not being developed as a meme coin or a substitute for current currency.

President Donald Trump launched the Board of Peace in January 2026. It functions independently of the United Nations, and membership necessitates a $1 billion donation.

Twenty-six nations joined as founding members, including Israel, Saudi Arabia, Hungary, and El Salvador. Most Western European countries turned down their invitations.

The U.S. committed $10 billion to the initiative. The board is chaired by and partially overseen by his son-in-law Jared Kushner.

Last week, the board held its inaugural meeting in Washington, D.C. Israeli tech entrepreneur Liran Tancman was present and laid out plans for a “secure digital backbone” encompassing payments, financial services, e-learning, and healthcare.

Why Gaza Needs a Digital Payment System

Cash access in Gaza has grown extremely scarce. ATMs have been destroyed or shut down, and Israel has halted new cash deliveries, the FT reports.

This has forced residents to turn to digital transactions out of necessity. The proposal is partly a reaction to that real-world situation.

Tancman is spearheading the stablecoin project along with the National Committee for the Administration of Gaza. No entity to issue the stablecoin has been announced yet.

Snir Levi, CEO of blockchain intelligence firm Nominis, told Cointelegraph the proposal is still in its very early stages. He noted that OTC desks in Gaza have already processed over $100 million in stablecoins with nearly no formal structure in place.

Trump’s Broader Crypto Involvement

Trump signed the GENIUS Act into law in July 2025; it was the first federal stablecoin legislation in U.S. history. He has become more involved in the crypto space overall.

Trump and his family are involved in the crypto venture World Liberty Financial, which released the USD1 stablecoin. Some legislators have expressed worries about conflicts of interest as crypto regulation remains a topic of debate in Washington.

Trump has also allegedly explored a plan to tokenize land in post-war Gaza. The concept would use digital tokens to relocate and rehouse residents during a possible U.S. occupation of the area.

In February 2025, Trump stated that the U.S. should “take over” Gaza and transform it into the “Riviera of the Middle East.” A ceasefire has been formally in effect since October 2025, though Israeli forces have reportedly breached the agreement multiple times.

The White House did not reply to a request for comment regarding the stablecoin proposal.