The Financial Times (FT) first reported on the news that Trump’s U.S.-led Board of Peace — the body overseeing Gaza’s postwar reconstruction — is weighing the creation of a dollar-backed stablecoin to ease severe cash shortages and modernize payments in the territory. The idea, still fluid and unconfirmed, would not replace the Israeli shekel but function as a digital payments rail in a region where banks, ATMs, and armored cash deliveries have been crippled by war.
Supporters argue it could reduce reliance on physical currency flows that risk diversion to militant groups. The Board of Peace, born from Trump’s 20-point Gaza plan and endorsed by UN Security Council Resolution 2803 in November 2025, operates through the National Committee for the Administration of Gaza and an International Stabilization Force.
According to the FT report, discussions are being led in part by Israeli tech entrepreneur Liran Tancman, with input from Gulf Arab and Palestinian firms. Proponents say a traceable yet user-friendly stablecoin could jump-start commerce and aid distribution, while critics warn of power outages, weak networks, regulatory gray zones, and the risk of further separating Gaza’s economy from the West Bank. This story is still developing.
FAQ 🔎
- What is being proposed?
A US dollar-pegged stablecoin for digital payments in Gaza under the Board of Peace. - Who reported the discussions?
The Financial Times first disclosed the early-stage talks. - Would it replace existing currency?
No, it would complement the Israeli shekel, not replace it. - What are the main concerns?
Infrastructure limits, governance oversight and potential economic fragmentation.
