DONALD TRUMP’S BOARD OF PEACE WORKS WITH ISRAELI TECH ENTREPRENEUR TO CREATE STABLECOIN FOR GAZA’S CITIZENS, WITH HOPES IT WILL LIMIT HAMAS: FT
— zoomer (@zoomerfied) February 23, 2026
Source: X
The development would mark yet another lean toward cryptocurrencies as an alternative means of payment for war-ravaged economies, with Ukraine and Iran already showing heightened adoption.
Opinions regarding the Trump-backed Gaza stablecoin
Supporters of the stablecoin note that it would create a digital payments system, which would be a much-needed alternative to solid cash. The coin would also limit financial access to the terrorist labeled Hamas group.
On the other hand, critics note that developing a stablecoin specifically for Gaza would further isolate it from the West Bank’s economy and governance. Others note that the benefits would be minimal, since Gaza suffers frequent power outages and remains dependent on slow 2G networks. Recently, the Trump-backed stablecoin USD1 temporarily depegged from the dollar by 0.6%, raising uncertainty over Trump’s engagement with yet another stablecoin.
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