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#Gate广场五月交易分享 Israel Launches Its First Official Stablecoin The Israel Securities Authority has approved a stablecoin pegged to the shekel for the first time. Tel Aviv-based cryptocurrency exchange Bits of Gold received authorization to issue the token after two years of evaluation and pilot testing. The token is called BILS, developed in partnership with the Solana network and crypto custody giant Fireblocks, with auditing provided by one of the Big Four accounting firms, Ernst & Young. The stablecoin market has grown rapidly over the past 18 months, now exceeding $300 billion, mainly driven by the establishment of formal regulatory frameworks in major markets like the United States. Although it is just a simple news story, it carries significant implications for the crypto space: 1. ‌Promoting the Global Trend of “Localized Stablecoins”‌ BILS, as the first regulated stablecoin pegged to Israel’s new shekel, represents a proactive attempt by a sovereign nation to maintain monetary sovereignty in the digital asset realm. It directly competes with USDT, USDC, and other dollar-pegged stablecoins, aiming to break their dominance in on-chain payments and DeFi, and to encourage financial innovation based on the local currency. This model may be emulated by other economies, especially those seeking to reduce dependence on the dollar and enhance financial autonomy, thereby accelerating the formation of a “multi-currency pegged stablecoin” landscape. 2. ‌Strengthening Compliance and Security Standards‌ BILS’s reserves are audited by Ernst & Young and held in independent accounts within Israel, with funds supported by Fireblocks’ custody services, reflecting high standards of transparency and security. This “regulation + audit + professional custody” integrated structure sets a new compliance benchmark for global stablecoin issuance and may compel some non-compliant projects to improve governance. 3. ‌Promoting Blockchain Infrastructure Adoption‌ BILS operates on the Solana blockchain and has undergone two years of sandbox testing to verify its stability and scalability. This not only enhances Solana’s recognition under global regulatory environments but also indicates that mainstream public blockchains are gradually becoming viable underlying infrastructure for national-level financial systems. 4. ‌Accelerating Global Stablecoin Regulatory Coordination‌ The Bank for International Settlements (BIS) has repeatedly warned that fragmented regulation across countries could lead to market fragmentation and regulatory arbitrage. Israel’s early adoption of a national fiat-backed stablecoin is effectively a move to seize the initiative in the global regulatory game, potentially prompting more countries to accelerate legislation and foster a more unified cross-border stablecoin regulatory framework. 5. ‌Boosting Institutional and Public Confidence‌ By early 2026, over 25% of Israelis had participated in crypto trading, and more than 20% still hold digital assets. The launch of BILS helps reduce ordinary users’ concerns about crypto volatility, increases the adoption of stablecoins in daily payments, cross-border remittances, and on-chain wealth management, further promoting mainstream adoption.