Trump’s Board of Peace awards first Gaza contract as stablecoin proposal draws Senate scrutiny

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The Board of Peace, the body created by the Trump administration to oversee Gaza’s reconstruction, has awarded its first construction contract to a Louisiana-based firm. The company will build a rudimentary military outpost for 150 Moroccan troops in the devastated territory, with plans for a larger base capable of hosting 5,000 personnel across more than 350 acres. Nine nations pledged approximately $7 billion in February 2026 toward Gaza reconstruction and troop deployments. Simultaneously, a proposal for a USD-backed stablecoin to facilitate digital transactions and aid distribution is under investigation by the US Senate since April 2026, raising governance questions and concerns about potential privatization of humanitarian aid.

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