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    History: The First Stable Digital Currency (Stablecoin) in Israel | Bits Of Gold received approval from the Capital Market Authority to issue BILS – a stable digital currency pegged to the Shekel

    A stablecoin is a digital currency designed to maintain a stable value by being pegged to an existing currency such as the Dollar or the Shekel * Every BILS coin issued is backed by a Shekel held in a designated bank account, with full transparency and ongoing control * This is “digital money” that can be transferred (over blockchain networks) at any time, with fast settlement finality and transaction transparency * Yuval Roash, founder and CEO of bits of gold: A historic milestone for the Israeli economy. The currency is the bridge between the Shekel and the new global financial system
    EditorialBy 08 Mins Read