🚨 #BREAKING 🚨
Israel Just Launched A Digital Shekel — And It's Running on Solana
The world just got its newest government-approved stablecoin — and it's not dollar-pegged. Israel's Capital Market Authority has officially approved BILS, a shekel-pegged stablecoin built on the Solana blockchain by local crypto exchange Bits of Gold. After a two-year regulatory sandbox pilot, BILS launched with full 1:1 reserve backing, audited by Big Four firm EY. The timing is significant: the Israeli shekel has gained over 20% against the US dollar this year, making it one of the world's strongest currencies. As the global stablecoin market hits $300 billion, more nations are now racing to launch their own local-currency digital tokens instead of relying on dollar-backed coins.