Can crypto become a tool for geopolitical reconstruction? Indeed, the “Board of Peace” created by Donald Trump is studying the hypothesis of a dollar-backed stablecoin to support efforts in Gaza. In a territory where the banking system is largely destroyed and where financial flows remain unstable, this track places cryptos at the heart of an unprecedented debate combining finance, regulation and international influence.
In brief
- The “Board of Peace” created by Donald Trump is studying the possibility of introducing a stablecoin backed by the dollar to support the Gaza economy.
- The plan calls for a U.S. financial commitment of $10 billion, with additional contributions from other council members.
- This stablecoin would be designed as a “digital means of transaction”, intended to operate in a territory where the banking system is largely disorganized.
- The initiative remains at an exploratory stage, with no designated issuer or official deployment timeline.
A stablecoin backed by the dollar to support the Gaza economy
THE “Board of Peace”set up by Donald Trump in early 2026, is examining the possibility of introducing a stablecoin intended to serve as a means of payment for the inhabitants of Gaza, while these cryptos are increasingly becoming part of daily use. The project would be supported by a US commitment of $10 billion, supplemented by more than $1 billion pledged by other council member countries.
The factual elements reported are as follows:
- The stablecoin would be designed as a “digital means of transaction”and not as a new national currency;
- It would be indexed to the US dollar to ensure stability of value;
- The initiative aims to operate in a territory where the traditional banking system is largely disorganized;
- The project is at a preliminary exploratory stage.
The stated objective is to provide a digital payment infrastructure capable of facilitating daily transactions in a context where traditional financial channels are largely inoperable. No detailed technical architecture has yet been published, and the concrete modalities remain to be defined.
Framework, risks and debates around a sensitive initiative
Beyond the announcement, several voices from the crypto sector have expressed questions about the feasibility and risks of such a device. According to on-chain data, more than $100 million has already flowed through stablecoins in the region without strict supervision, a precedent that fuels concerns over control and compliance. The absence of a clear regulatory framework in Gaza complicates the prospect of a secure deployment, particularly in terms of the fight against money laundering and traceability of flows.
The project also comes in a context of increased regulation of stablecoins in the United States, where legislative discussions aim to more strictly regulate these financial instruments. The use of a crypto backed by the dollar in a territory under reconstruction therefore raises questions of governance, supervision and international coordination. Some observers point out that the dominance of American stablecoins in the global market could give Washington additional indirect financial influence.
At this stage, the project remains hypothetical, with no timetable or defined architecture. However, it reveals a notable evolution: stablecoins are no longer just market tools, but instruments considered for reconstruction and influence issues. Between financial innovation and regulatory constraints, what happens next will depend as much on political choices as on supervision guarantees.
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