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Israel Approves First Regulated Shekel Stablecoin, BILS
Israel’s Capital Market Authority approved BILS as the country’s first regulated shekel-pegged stablecoin. Bits of Gold received the authorization after a two-year evaluation and pilot process. Bits of Gold said BILS was built with Solana and Fireblocks, with EY providing auditing oversight. The approval comes as the stablecoin sector has grown to more than $300 billion over the last 18 months.