Israel’s Capital Market Authority approved Bits of Gold to issue BILS, described as the country’s first shekel-pegged stablecoin. The regulated asset is set to launch on Solana after a two-year evaluation and pilot. Bits of Gold said the rollout was supported by Fireblocks and EY. The approval adds a new local-currency stablecoin to the digital asset market at a time when the global stablecoin sector has grown beyond $300 billion.