Trump’s Board of Peace Could Launch a Dollar-Backed Stablecoin in Gaza

Officials advising Donald Trump’s “Board of Peace” are exploring a US dollar–backed stablecoin for Gaza. The proposal, still in early stages, is intended to rebuild payments infrastructure damaged during the war and enable digital transactions where banks and cash access remain limited.

The stablecoin would be pegged to the US dollar and used to facilitate digital payments rather than to create a sovereign currency. Governance discussions involve the Board of Peace alongside Gaza’s interim technocratic administration, as the territory’s banking system remains severely impaired and cash access has been restricted since 2023 by ATM destruction and limits on physical currency deliveries.

The Board of Peace sits at the center of a broader 20-point plan for Gaza, with Trump as chair. Its membership includes senior US officials such as Secretary of State Marco Rubio and envoy Steve Witkoff, together with international figures like former UK Prime Minister Tony Blair and World Bank President Ajay Banga.

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