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Trump's 'Board of Peace' Explores Stablecoin For Gaza (ft.com) 119

Posted by BeauHD from the reconstructed-with-crypto dept.
An anonymous reader quotes a report from the Financial Times: Officials working with Donald Trump's "Board of Peace" are exploring setting up a stablecoin for Gaza as part of efforts to reshape the devastated Palestinian enclave's economy, according to five people familiar with the discussions. The talks around introducing a stablecoin -- a type of cryptocurrency whose value is pegged to a mainstream currency, such as the US dollar -- are at a preliminary stage, and many details of how one could be introduced in Gaza remain to be determined.

But officials have discussed the idea as part of their plan for the future of the enclave, where economic activity collapsed during Israel's two-year war with Hamas and the traditional banking and payments system has been severely impaired. A person familiar with the project said the stablecoin was expected to be tied to the US dollar, with the hope that Gulf Arab and Palestinian companies with expertise in the field of digital currencies will help spearhead the effort. "This will not be a 'Gaza Coin' or a new Palestinian currency, but a means to allow Gazans to transact digitally," the person said.

Work on the idea is being led by Liran Tancman, an Israeli tech entrepreneur and former reservist who is now working as an unpaid adviser to Trump's "Board of Peace," the US-led body tasked with rebuilding Gaza, according to two people familiar with the matter. [...] According to the person familiar with the project, the "Board of Peace" and NCAG will decide on the stablecoin's regulatory framework and access, although "nothing definitive" has yet been finalized. Speaking at a meeting of the "Board of Peace" in Washington last week, Tancman said the NCAG was working on building "a secure digital backbone, an open platform enabling e-payments, financial services, e-learning, and healthcare with user control over data", but did not elaborate.
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Trump's 'Board of Peace' Explores Stablecoin For Gaza

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  • Let me guess (Score:5, Funny)

    by h33t l4x0r ( 4107715 ) on Monday February 23, 2026 @08:04PM (#66006590)
    It will have TRUMP's face on it and you will have to exchange it for shekels to pray at the temple.

  • If Only This Were Parody (Score:5, Insightful)

    by crunchy_one ( 1047426 ) on Monday February 23, 2026 @08:06PM (#66006592)
    If only this were parody, it would be funny.

    • Re:If Only This Were Parody (Score:5, Insightful)

      by tlhIngan ( 30335 ) <slashdot.worf@net> on Monday February 23, 2026 @08:31PM (#66006638)

      It already is a parody - the charter of the board of peace basically says Trump is chairman for life and he's the big decision maker. And nothing says how the billions of dollars are to be spent (every member nation has 1 year to ante up $1B).

      I guess we know where some of it will be going.

      • Re:If Only This Were Parody (Score:5, Insightful)

        by fahrbot-bot ( 874524 ) on Monday February 23, 2026 @11:45PM (#66006884)

        It already is a parody - the charter of the board of peace basically says Trump is chairman for life and he's the big decision maker. And nothing says how the billions of dollars are to be spent (every member nation has 1 year to ante up $1B).

        I guess we know where some of it will be going.

        It should probably be called the "Board of Piece of the Action."

        • Re: (Score:2, Interesting)

          by Anonymous Coward

          It's already known as "Bored of Peace". The whole endeavor is so make believe even Trump can't stay awake.

          • Re:If Only This Were Parody (Score:5, Informative)

            by Rei ( 128717 ) on Tuesday February 24, 2026 @06:30AM (#66007190) Homepage

            It doesn't matter what they call it because it doesn't legally exist. There is no "Board of Peace" organized under any nation's laws. Trump is acting like the US is party to it as a treaty organization, but only Congress has the power to do approve that.

            BoP is collecting and distributing funds (JP Morgan playing as banker) but this must be in violation of Know-Your-Customer laws since BoP *doesn’t exist*. It is a transnational mafia backed only by the executive power of its members.

            Since BoP doesn’t exist, USPTO is illegally holding its trademarks on its behalf, violating the Lanham Act, which requires that holders intend to use marks in commerce. Trump signed Executive Order 14375 protecting BoP under the International Organizations Immunity Act, but this does not legitimize or establish the organization.

            Trump is saying he intends to use it to “oversee” the United Nations. There is no provision in the UN charter for any such oversight organization; what he means is that he is going to extort the UN by withholding US dues.

            (ht/Dave Troy)

      • That things gonna be dissolved about 1 day into the term of whoever wins the next presidential election. Mark my words.

      • Re:If Only This Were Parody (Score:5, Insightful)

        by sinkskinkshrieks ( 6952954 ) on Tuesday February 24, 2026 @12:28AM (#66006956)
        A parody would be funny, this is Orwellian.
        • How?

          • A parody would be funny, this is Orwellian.

            How?

            Look at the membership. Generally they reflect only one side of the conflict in Gaza. War is Peace.

            There are other parallels, but I think that's the strongest one.

      • Re: (Score:2)

        by mjwx ( 966435 )
        It's become the Bored of Peace...

      • "how the billions of dollars are to be spent (every member nation has 1 year to ante up $1B)."

        The UK couldn't build HALF a high speed railway for over £100 billions.

        How would they build desalination plants, hospitals, ALL the sewage, electricity, drinking water infrastructure etc etc, for the puny sums they have planned?
        It's not even enough to remove the rubble.

        And that's even before putting up a brick for a single hospital or school.

        • This is just a way to squander taxpayer money by funneling it through a bunch of useless bureaucrats who have no incentive to solve any problems because that would mean eliminating their own jobs. A committee of people discussing crypto can waste gobs of time without coming to anything resembling a final proposal to be implemented. This is as wasteful and pointless as all of the NGOs that were axed by Musk and DOGE a year ago.

  • and roaming fees will cost X4 the times an candy bar

  • It wasn’t enough to beat Gaza to death (Score:5, Insightful)

    by AmazingRuss ( 555076 ) on Monday February 23, 2026 @08:14PM (#66006606)
    Now they want to hump the corpse, before building a resort on it. Fucking Ghouls.

    • Theys (Score:1)

      by JBMcB ( 73720 )
      Who is "they?"

      • Re: (Score:1)

        by Anonymous Coward

        One of the things that actual non LLM humans can do with pieces of random text is infer a broader meaning or see a cultural parallel.

        Maybe if you consider the article AND the response at the same time you can identify the subject. Go on. give it a shot. It's not that hard.

      • Re:Theys (Score:4, Insightful)

        by the_povinator ( 936048 ) on Monday February 23, 2026 @10:41PM (#66006820) Homepage

        Who is "they?"

        We're not scared of you any more, people are seeing through the lines. And "they" means what you think it means. Get over it.

        • Re:Theys (Score:4, Interesting)

          by ElderOfPsion ( 10042134 ) on Tuesday February 24, 2026 @02:53AM (#66007036)

          Given the proliferation of dog whistles on social media, you might want to be more specific. When you say, "We're not scared of you anymore," who are 'we' and who are 'you'? I'd love to know.

          • Re:Theys (Score:5, Insightful)

            by AmiMoJo ( 196126 ) on Tuesday February 24, 2026 @05:53AM (#66007162) Homepage Journal

            I hope they mean Zionists and Israel, but fear they mean Jews.

            The people of Gaza have suffered more than enough under the boot of Israel, and now Israeli genocide. A crypto scam is the last thing they need.

        • Re:Theys (Score:4, Insightful)

          by TheMiddleRoad ( 1153113 ) on Tuesday February 24, 2026 @03:02AM (#66007040)
          Um, fuck you, then, you Nazi cunt?

          • Um, fuck you, then, you Nazi cunt?

            "They" includes the Nazis like Trump and his assorted white supremacist supporters. Why are you defending Trump? Why are you defending Nazis by calling other people Nazis?

          • Re: (Score:2)

            by Rujiel ( 1632063 )
            Y'all are running on fumes if this is all you have to throw mod points at.

        • Re:Theys (Score:4, Insightful)

          by phantomfive ( 622387 ) on Tuesday February 24, 2026 @03:28AM (#66007078) Journal
          Poe's law definitely applies to this comment. I can't tell if the poster is being sarcastic, or genuinely can't speak concretely.

          (It looks like he's afraid of the Elders of Zion or some nonsense.)

        • Re: (Score:2)

          by Rei ( 128717 )

          "They" in the GP unambiguously meant the (fictional) Board of Peace, aka, the topic of discussion and the one doing the action discussed.

          What you mean by "they", well, we'll leave that as an exercise to the reader.

        • If you mean the Jews, say it, so we know where you stand. If you don't mean the Jews, then enlighten us, because that is in fact what everybody thinks you mean.

      • the super-corrupt trumpistani administration and its no less corrupt brethren in the bibi putinyahu government who would do anything to clutch to power, because otherwise the road ahead of them is the one to a penitentiary.

  • Good news... (Score:4, Informative)

    by newslash.formatblows ( 2011678 ) on Monday February 23, 2026 @08:16PM (#66006614)
    He's totally not going to fuck over everyone involved so that he can make another ill-gotten buck.

  • I have a name proposal (Score:4, Interesting)

    by r1348 ( 2567295 ) on Monday February 23, 2026 @08:18PM (#66006616)

    The GenoCoin.

  • Backdoor (Score:5, Interesting)

    by higuita ( 129722 ) on Monday February 23, 2026 @08:35PM (#66006642) Homepage

    What a great idea from trump and friends... awesome for US and Israel, a high danger for everyone else.

    So if it proof-of-work stable coin, it is vulnerable to the 51% attack and unless it is a huge already stablecoin (i bet it will not be), it will be easy for US+Israel take over the coin and drain whatever wallet they want. Only if they choose a big enough coin, where the 51% may be harder... but for the resources of the USA/Israel, for sure they could workaround it with some strategic temporary network cuts

    If it s central controlled coin, they are already in the 51%, so they can ban, drain or filter any transaction. Even if they don't do it, they will be able to shutdown the coin and everyone in Gaza will lose all their money...

    So with it, they can effectively control Gaza, it is a nuclear monetary attack!! if ever someone in Gaza discords in anything US and Israel say, they can drain their wallet

    Even if i'm being paranoid... for sure someone will buy a lot of then before announcing the select coin... and sell it when the value increases... those in power will gain either way from it

    so no, something that i would never trust, even the guy planing this is from Israel, everything points to a TRAP!

    ps: and don't even think in the app in the phone... will have heavy tracking (not marketing, i'm talking about GPS/position track), listening to everything is said and on select phones may even explode or be a missiles beacon !!

    • Re: (Score:3, Informative)

      by unixisc ( 2429386 )

      How is it remotely awesome for Israel? This board includes their biggest enemies - Turkey and Qatar, which Trump has absolutely refused to sanction for any reason whatsoever. In fact, in Israel, Netanyahu has already come under attack for agreeing to join this board of peace, so this week, they declared that they won't be involved in any of the Gaza reconstruction. As it is, Israel is already at odds w/ the US over Turkey being one of the countries that may have troops in Gaza, which is a non-starter for

      • > In fact, w/o destroying Hamas, any talk of a Gaza reconstruction is meaningless. Gaza has its network of tunnels, and military bases ... relocate the Palis to other Arab/muslim countries materializes, and then the strip can be occupied (after reconstruction) by people who're not into jihad and aren't trying to slaughter Israelis all the time

        I'm pretty sure more negativity about any Palestinians or Israelis isn't going to help.

        I'd consider what Yair Lapid recently suggested, that the military phase had

        • Yair Lapid is no great leader, as far as I can tell. He hasn't offered Israel a better choice than Netanyahu, and Netanyahu is a living breathing piece of shit. We'll see where the next election goes, but it's not for months. The Israeli center and left are about as effective as the US's center and left, which is to say not very.
          • I don't understand people who try to jam every issue into the left-right spectrum. Most issues are not a left/right thing.

            Where do you put Hamas on the left-right spectrum?

            • Re: (Score:3)

              by Rei ( 128717 )

              Where do you put reactionary religious conservatism on the left-right spectrum? Are you kidding?

              Try imagining that Hamas were Christians instead of Muslims and try asking yourself the same question again.

              I agree that left-right spectrums are vastly oversimplified, but come on, come up with a better example.

              • Hamas is trying to overthrow the existing world order, and establish a new order.

                The conservative/rightist ones are the ones trying maintain the existing order. In this case, the existing order is Israel/US. It's not related to religion. It's not an accident that leftists around the world feel sympathy with Hamas and antipathy for Israel (although socially Israel is much more liberal).

                • Hamas is trying to overthrow the existing world order, and establish a new order.

                  You misspelled "US/Israel" there.

                  In this case, the existing order is Israel/US.

                  The order US/Israel wants is US/Israeli dominance over the entire middle east.

                  It's not an accident that leftists around the world feel sympathy with Hamas and antipathy for Israel

                  No, it isn't, because leftists are opposed to genocide.

                • Re: (Score:2)

                  by dfghjk ( 711126 )

                  "Hamas is trying to overthrow the existing world order, and establish a new order."
                  Is it though? Because this grossly misrepresents what Hamas is, how it is supported and what its values are. Hamas exists for one reason, the wage a war of terror on Israel.

                  "The conservative/rightist ones are the ones trying maintain the existing order. "
                  And there it is, exploiting that misrepresentation to lie.

                  "It's not related to religion."
                  LOL do you think anyone will take you seriously?

                  It's not an accident that leftists

                  • "It's not related to religion." LOL do you think anyone will take you seriously?

                    Learn To Read. The left/right axis is not related to religion. You can be religious on the right or on the left.

                    Strictly speaker, if you are not talking about someone sitting on the left or right side of the National Assembly hall, then "left/right" is just an imprecise, lazy metaphor.

                    For the most part, people who divide the world into left/right are either trying to manipulate the world, or are lazy thinkers. You can guess which one I think you are.

                  • Hamas doesn't exist to destroy Israel. Hamas exists to empower Hamas members, especially their leaders. Oh sure, they have plenty of useful idiots who drink the koolaid, but mostly they just are psychopaths who want power and money. Hamas doesn't want to overturn the current global order. They want to empower themselves. Leftists feel sympathy with Hamas because they're just as hateful as the far right, and they have been co-opted by decades of manipulation. There is not a god damn progressive thing a
            • The left right center thing is useful because it generally describes the real world. Hamas is at the intersection of left and right, since the whole thing is a circle. They're right as religious conservative nutjobs who subjugate women and kill gays. They're left in the sense of being historically funded by the Soviets/Russians and their proxies, meant as a wedge against the west. Basically, they're Islamic Nazis, and the Nazi party was a combination of the far left and far right. Authoritarians are go

              • The left right center thing is useful because it generally describes the real world.

                It doesn't describe the real world, it matches the worldview of people who have an "us against them" mentality.

      • Re: (Score:2)

        by higuita ( 129722 )

        >This board includes their biggest enemies - Turkey and Qatar,

        Sure, sure, that is why Israel and USA are bombing Turkey and Qatar right now, to protect Israel!! They send money and weapons to destroy Israel, sure they are the enemy!!

        When someone wants to be blind, there is no way to can make him see!

        Turkey, while talking about protecting the Palestinians, actually still sell goods to Israel, money talks and turkey leaders are actually very corrupt
        Qatar (plus UAE and Saudi Arabia) have deep pockets and ca

  • The board (Score:3)

    by ArchieBunker ( 132337 ) on Monday February 23, 2026 @08:38PM (#66006646)

    Consists of countries he would never step foot in.

  • Aka (Score:4, Insightful)

    by larryjoe ( 135075 ) on Monday February 23, 2026 @08:50PM (#66006668)

    Trump's Board of Peace, aka the Ministry of Peace or Minipax. It has a great slogan.

  • I think I've lost count of impeachable offenses (Score:5, Insightful)

    by rsilvergun ( 571051 ) on Monday February 23, 2026 @09:03PM (#66006684)
    You would think him just going around openly selling pardons would be enough to get him removed from office let alone the fact that he's up to something like 1.5 billion at least and it may be more. That's just what the Wall Street journal was able to confirm.

    Hilariously one of the reasons why crypto keeps crashing is crypto is a scam and Trump is scamming so much that he is muscling out the smaller players...

    I don't think there is anyone left in the country who is it all politically aware that doesn't know about the corruption and the scale of it but people have lost friends and families so they can keep on the Trump train so they sure as shit aren't going to admit they're wrong now.

  • Nobody wants to deal in state-backed stablecoins. They also don't gain value as a speculative instrument. USDT and USDC gained adoption by being first/early movers and solving a problem that traders had in resolving transactions without dollars or euros (and in the case of USDT, shady activity helped).

    Gazans won't benefit from having their own stablecoin when they could do just as well with one of the existing ones, and nobody is going to deposit USD or EUR (or anything else) to adopt these stablecoins whe

    • Re: (Score:2, Insightful)

      by h33t l4x0r ( 4107715 )
      Well I think the idea is that we can track where the money ends up, so if we hand out a bunch of USD backed tokens to build infrastructure hopefully not too much will get set aside for Hamas kidnapping expeditions.

      As long as they can spend it, they will benefit from it obviously, because it's free money.

      • Nothing's ever free. Plus if these stablecoins are going to be worth anything, someone's going to have to accept them, which is going to be a tall order. Just because someone says they're backed by USD doesn't mean people are going to value them the same as USDT or USDC. Especially if they're being tracked at the currency level rather than the transaction level (which is how most blockchain transactions are tracked currently).

      • Re: (Score:2)

        by dfghjk ( 711126 )

        "Well I think the idea is that we can track where the money ends up, so if we hand out a bunch of USD backed tokens to build infrastructure hopefully not too much will get set aside for Hamas kidnapping expeditions."
        And how does that work? If I have some tokens, I can sell them. You might be able to track who they were sold to but you can't track what I did with the proceeds. And why are the "USD backed" then?

        "As long as they can spend it, they will benefit from it obviously, because it's free money."
        Tha

    • If all Gazan money is digital then all Gazan money can be tracked. Then all Gazan money can be more difficult for Hamas to get hold of, anything that hurts Hamas is good for everyone else in Gaza. But Trump probably wasn't thinking of that. It's just his crypto bro retard buddies working together for no good.

      • If no one wants the currency (e.g. it won't spend) then it's worthless and doesn't help anyone. Who outside of Gaza will want this crap? Crypto markets certainly won't.

        • It can be changed outside of Gaza, I suppose.

          • Maybe? If it's easy to cash it out, it can be converted to something that can't be tracked. And unless that exchange amounts to a "burn" where the recipient receives the backing USD while the stablecoin is destroyed, someone else is going to be left with a Gazacoin that realistically-speaking can only be spent on goods or services provided by people in Gaza.

  • Oh great. (Score:4, Informative)

    by boxless ( 35756 ) on Monday February 23, 2026 @09:39PM (#66006738)

    Let’s take a disaster and start experimenting with a new payment scheme, that we know somehow is profiting someone. (Yeah, I know what stablecoin means).

    Only in Trump world is this lunacy given credence.

    Don’t you like how he took 10 billion taxpayer dollars and transferred it to himself, I mean the board of peace, without legislative approval , and there was nary a whimper.

    Nuts.

  • I realize that this is either some fancy-looking exercise that goes nowhere as cover for what actually happens; or a shoddy crypto con; but what possible justification would there be for coming up with a new gaza-specific stablecoin, if you thought that stablecoins were the correct answer, rather than one of the other ones that is already in wider circulation?

  • More like "explores (another) stablegrift" amirite?

  • What can go wrong? (Score:3)

    by NotEmmanuelGoldstein ( 6423622 ) on Monday February 23, 2026 @10:54PM (#66006828)
    Demand a digital currency so a foreign bank (TrumpBank??) can steal from everyone, simultaneously.

    Or, a foreign government disappearing a person's account makes that person, penniless and an un-person.

    A foreign resource is controlled directly by the USA and also by Trump: Bad things will happen. We've already seen Trump use crypto-coin to enable 2 pump-n-dump grifts.

  • It's another grift to be able to launder bribes into his crime syndicate.

  • Plus free cell phones! (Score:3)

    by Froboz23 ( 690392 ) on Tuesday February 24, 2026 @02:46AM (#66007026)
    And a great part of the deal is that everyone in Gaza can access their stablecoins using cell phones that will be provided for free by the IDF!

    IYKYK.

  • They are already billionaires (Score:3)

    by HnT ( 306652 ) on Tuesday February 24, 2026 @10:10AM (#66007472)

    Not sure what this coin is supposed to do, the entire bloodthirsty regime is extremely wealthy and enjoying their riches far away from Gaza already. I doubt they need a coin on top of all the allegedly-humanitarian aid.

    Or is this supposed to help the normal people? We all know nobody in power cares about the normal people there, least of all their own leadership. No coin is going to fix that.

  • Get the infrastructure fixed so that people can engage in economic activity again, first. This is a stretch goal that we don't need to think about yet.

    • Re: (Score:2)

      by Rujiel ( 1632063 )
      All it takes is Ben Gvir telling you they put weapons in a school or hospital, and then you'll be back to cheerleading blowing everything up again.
      • And that's why Hamas needs to be disarmed and dissolved. They do use schools and hospitals for artillery emplacements, C&C facilities, and weapons stockpiles. It's an intentional tactic designed to trick people like you into thinking the Israelis were the ones committing war crimes, when it was Hamas committing the crime by using schools and hospitals in that way.

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