Trump’s Board of Peace Plans Dollar-Pegged Stablecoin for Gaza

Digital Solutions for Gaza’s Economy The Board of Peace, established by Donald Trump, is planning to implement a stablecoin pegged to the US dollar to rebuild Gaza’s payment infrastructure following the conflict.
According to reports from the Financial Times, this digital currency aims to facilitate financial transactions in the region and reduce reliance on the traditional banking system.
Board Structure and Strategic Goals The Board of Peace is central to a comprehensive 20-point plan prepared by Trump for Gaza.
Chaired by Trump himself, the board includes high-level figures such as US Secretary of State Marco Rubio, Steve Witkoff, former UK Prime Minister Tony Blair, and World Bank President Ajay Banga.
The board is tasked with overseeing Gaza’s reconstruction process and managing its economic recovery.
Transparent Infrastructure Against the Cash Crisis The conflict that has persisted in Gaza since 2023 has led to the widespread destruction of ATMs and severely restricted access to physical cash.
The stablecoin proposal aims to overcome these physical barriers, increase transparency in aid distribution, and minimize the risks of corruption.
Under the plan, daily administration would be handled by a committee of Palestinian technocrats, while security would be provided by an international force.
Technical Challenges and Financial Sovereignty Experts point out that a digital currency managed by an external entity could grant international actors extensive control and monitoring capabilities over Gaza’s financial system.
The traceability of transactions has sparked debates regarding financial sovereignty.
Furthermore, there are significant technical concerns about whether Gaza’s current 2G network infrastructure can support a digital financial system.
While still in its early stages, if implemented, this project would represent one of the first global examples of a post-war economy being rebuilt using a digital dollar infrastructure.