Trump‘s Board of Peace said mulling stablecoin for Gaza efforts: FT

CoinTelegraph

by Turner Wright

February 23, 2026

AI-Generated Deep Dive Summary

The Trump-led Board of Peace is exploring the use of a stablecoin to aid Gaza's economic recovery following two years of conflict triggered by Hamas' October 2023 attack. The initiative aims to establish a digital transaction tool for Gazans, ensuring stability and accessibility in rebuilding efforts. Unlike meme coins or fiat replacements, this stablecoin would serve as a practical solution for digital transactions, bridging financial gaps in the region. The Board of Peace was announced by former President Trump in January 2023, requiring countries to contribute $1 billion for membership. The U.S., led by Trump, pledged $10 billion, signaling significant involvement despite widespread European reluctance. While most Western European nations declined invitations, 26 founding members joined, including Israel, Saudi Arabia, Hungary, and El Salvador. This diverse coalition underscores the board's global focus on fostering peace and economic stability. The potential adoption of a stablecoin in Gaza highlights blockchain technology's role in addressing humanitarian challenges. By leveraging digital currencies for aid distribution, the initiative could set a precedent for integrating blockchain solutions in crisis response. For crypto enthusiasts, this represents a significant step toward mainstream adoption, demonstrating how decentralized financial tools can drive meaningful change in vulnerable regions. The project's emphasis on stability and accessibility aligns with growing global interest in blockchain for economic resilience. As the stablecoin concept evolves, it may inspire similar efforts to bridge financial divides in other conflict zones. This intersection of cryptocurrency innovation and international diplomacy underscores the transformative potential of digital currencies in fostering global stability and prosperity.

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Originally published on CoinTelegraph on 2/23/2026