#TrumpGroupMullsGazaStablecoin

The Board of Peace, established under the leadership of US President Donald Trump, is discussing the idea of a US dollar-pegged stablecoin to revitalize the post-war economy of the Gaza Strip. According to a Financial Times exclusive report dated February 23, 2026, this initiative is still in its early stages and aims to expand digital payments and alleviate cash shortages in Gaza.

Following more than two years of conflict in Gaza, traditional banking infrastructure has been largely destroyed. The circulation of physical cash (especially Israeli shekels) has been severely reduced, making daily commercial transactions difficult. The stablecoin proposal is positioned as a tool to enable Gaza residents to make digital payments. According to one official: "This will not be a 'Gaza Coin' or a new Palestinian currency; it will be a tool to enable the people of Gaza to conduct digital transactions."

The project is led by Israeli technology entrepreneur and former reserve soldier Liran Tancman, who provides free consultancy to Trump's Board of Peace. Gulf countries and Palestinian digital currency experts are also expected to contribute to the process. While the regulatory framework and access rules for the stablecoin are not yet clear, it is stated that institutions related to the Board of Peace (such as NCAG) will make decisions on this matter.

One of the aims is to cut off Hamas's cash flow. One source stated, "To rid Gaza of cash and eliminate Hamas's revenue streams." This approach raises concerns in some circles that the Gaza economy could fall under greater US-Israeli control. Critics argue that the stablecoin could weaken economic ties between Gaza and the West Bank and, in the long term, bypass the Palestinian Authority.

Currently, the project is in the preliminary stages; details, implementation method, or which blockchain infrastructure will be used are not yet clear. The Trump administration has previously brought up innovative ideas such as "AI-powered smart cities" and digital tokens for the reconstruction of Gaza.

This development shows that cryptocurrencies could play an increasingly important role in post-conflict reconstruction processes. No official statement has been made on the matter yet, but more details are expected to emerge in the coming weeks.