A board established by U.S. President Donald Trump is in preliminary discussions about launching a stablecoin to support Gaza’s postwar economy, according to a report by Financial Times.
The Board of Peace, which requires a $1 billion contribution for membership and includes 26 founding countries such as Israel, Saudi Arabia, Hungary and El Salvador, is considering whether a digital token could help rebuild Gaza following two years of conflict triggered by a Hamas attack in October 2023.
A person familiar with the project said the proposed stablecoin would not be a meme coin or a replacement for fiat currency but rather “a means to allow Gazans to transact digitally.”
The report did not specify which entity might issue the token if the plan proceeds, though the Trump administration has backed broader stablecoin adoption in the U.S., including the signing of the GENIUS Act into law in July.
“The current proposal for the Gaza stablecoin is still very premature,”
Said Snir Levi, chief executive officer of Nominis, adding that over the past two years over-the-counter desks in Gaza have already moved more than $100 million in stablecoins without a formal framework.
The discussions come amid a fragile ceasefire officially in place since October 2025, with large parts of Gaza heavily damaged and reconstruction plans under debate within the Trump administration.
Trump has previously floated ideas including tokenising land and redeveloping Gaza as the “Riviera of the Middle East,” underscoring how digital asset concepts are being explored alongside broader geopolitical and reconstruction strategies.