The post Trump and Israeli Officials Discuss a Stablecoin for the Gaza Strip appeared first on Coinpedia Fintech News

US President Donald Trump is reportedly coordinating efforts with Israeli officials and tech specialists to explore a stablecoin for the embattled region of Gaza. This recent development will be part of the broader objective of the Trump-led multinational organization, the Board of Peace (BoP), which seeks to restore peace and civility not only in Gaza but also globally.

Trump and Israel propose a Gaza stablecoin

For nearly four decades now, Gaza has been the central arena for the Israel-Iran war on regional dominance. In 2023, the conflict became a full-blown missile war, with fatalities on both sides exceeding 70,000. 

Consequently, Gaza’s access to Israel’s official currency, the shekel, diminished, while its banking systems collapsed. Gaza occupants now suffer from shortages in food, water, shelter, and medical supplies.

In a pledge towards Gaza’s reconstruction, BoP member states have contributed roughly $17 billion, with the bulk of it ($10 billion) from the US. Part of these funds will be directed toward the Gaza stablecoin, which would function as a digital currency and an alternative means of payment for Gaza citizens. 

According to the Financial Times, Israeli developer Liran Tancman will lead the development of the stablecoin. Several Israeli officials will participate in advancing the stablecoin, with Palestinian and Gulf Arab cryptocurrency firms promoting its adoption.

[ ZOOMER ]
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.

The post World Liberty Financial Stablecoin USD1 Prevails Over FUD Attack appeared first on Coinpedia Fintech News

On February 23, the Trump-backed decentralized finance (DeFi) protocol World Liberty Financial reported that hackers had infiltrated its ecosystem, specifically targeting its primary stablecoin, USD1. 

The coordinated attack comprised a three-pronged approach designed to depeg USD1 from the dollar, and profit from the same. 

Using co-founders’ hacked social accounts, hackers posted falsified information to manufacture fear, uncertainty, and doubt (FUD) in the platform’s ecosystem. Thereafter, the attackers reportedly paid off crypto influencers to amplify news of the attack, making it appear worse than it actually was. Attackers then proceed to short-sell WLFI tokens in the hopes of profiting from the artificial chaos. 

A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI shorts to profit from the manufactured chaos.

It didn’t work.

Thanks to USD1’s sound mint-and-redeem mechanism…

— WLFI (@worldlibertyfi) February 23, 2026

WLFI stablecoin recovers shortly after FUD hit

World Liberty Financial explained that the attack failed “thanks to UDS1’s sound mint-and-redeem mechanism and full 1:1 backing.” The stablecoin experienced a temporary 0.6% deviation to $0.994 before quickly recovering close to the dollar. At press time, the stablecoin was trading at $0.9989, with an overall drop of 0.28% in the last 24h. WLFI token, ranked 29th by market cap, was trading at $0.1115 following a 0.7% 24h dip. 

Source: CoinMarketCap

The DeFi platform is one among many that rely on a fully-reserved and fiat-backed mint-and-redeem stablecoin mechanism. Evidence of this is found in monthly reserve attestations, reserve composition reports, institutional partnerships, and its white paper dubbed the “Gold Paper”.

WLFI attack history and developments

Notably, this is the fourth attack aimed at the World Liberty Financial platform in the last two years. In July 2024, Dough Finance, a previous project related to the DeFi platform, lost $2.5 million to hackers. And in September 2025, “sweeper bots” exploited a vulnerability related to Ethereum’s EIP-7702 upgrade, draining wallets of millions in WLFI tokens. Two months later, a phishing campaign compromised user wallets, and the platform was forced to burn and re-allocate $22 million worth of stolen tokens.In more progressive developments, World Liberty Financial launched the World Liberty Forum, which aims to participate in shaping the cryptocurrency regulatory playground.