Is Stablecoin Fund Gaza Relief? Trump’s Peace Council Is Considering It
A group of advisers to US President Donald Trump is considering a plan to issue a stablecoin backed by the US dollar to help the people of Gaza who are facing severe cash shortages and broken banking services.
The plan is being discussed by the Peace Board and several outside consultants. Based on Financial Times reports, the pitch aims to allow services and basic trade to continue even when ATMs and conventional banks are offline.
$1 Billion Membership
Membership on the board requires a $1 billion donation, according to reports, a situation that has fueled debates about influence and oversight. Trump announced the board meeting in January.
The inaugural Board of Peace meeting in D.C. Image credit: Saul Loeb/AFP via Getty
The effort has technical supporters. One name linked to early planning is Liran Tancman, who is linked to talks with the local technical team, the National Committee for Gaza Management.
They talked about a currency token that would be denominated in dollars, with storage facilities and systems that would allow people and aid groups to buy food, medicine, and fuel without the need for local banks.
Officials advising Donald Trump’s “Peace Board” are exploring a US dollar-backed crypto stablecoin in Gaza.
According to the Financial Times, this crypto concept is in the testing phase, but it could spell the reconstruction of Gaza combined with crypto testing.
– More Perfect US (@MorePerfectUS) February 23, 2026
Stablecoin Support For Transactions
Proponents say the token could cut through some of the friction. When cash runs out and banks go down, people can’t get what they need. A simple digital token stored on phones can quickly transfer value between merchants and charities.
It may also allow international donors to channel aid through fewer intermediaries. There are questions about how to keep the deposits, who will audit them, and what legal system will enforce payment. None of these issues have been resolved.
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Control and Separation Anxiety
Critics warn of political and practical dangers. Others worry that the line’s special token could deepen rifts with nearby markets and complicate ties with the West Bank.
Others point to patchy internet access and the risk that the digital system could be shut down or used during combat. There is also debate about which institutions can hold the funds and who will be allowed to issue or burn the tokens if things go wrong.
Image: iQoncept/Shutterstock
How It Will Work
Reports say that the plan is preliminary and no issuing authority has been selected. Suggestions vary. One model uses a trusted third party outside the state to hold dollar deposits and operate the ledger. The rest depends on our local partners to handle the day-to-day distribution.
In both cases, safeguards have been proposed: independent audits, control of funds rolled up by multiple groups, and strict rules on spending money on essential assets only. These are ideas on paper rather than solid plans.
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