Israel Approves First Shekel-Backed Stablecoin BILS On Solana After Two-Year Regulatory Pilot By Bits Of Gold
Israel has approved BILS, a shekel-backed stablecoin issued by Bits of Gold after a two-year pilot on the Solana blockchain. The token will be fully backed by reserves held in Israel and used for fast digital payments and blockchain-based financial services under strict regulation.
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