Tether has partnered with the Government of Georgia to launch GEL₮, a stablecoin pegged to the Georgian Lari. The project aims to update the country’s payment system and make cross-border transactions faster using blockchain technology.
Tether said the stablecoin will allow faster payments, lower transaction costs, and programmable financial services. Georgian authorities have spent years drafting crypto rules covering reserves, redemption rights, anti-money laundering measures, and issuer oversight before approving the project.
Tether CEO Paolo Ardoino said stablecoins are becoming a core part of global financial infrastructure rather than a niche product.
The move also shows Tether’s growing international growth beyond USDT issuance. The company is exploring wider payment solutions and fintech partnerships, including test programs in El Salvador and possible expansion into South Korea.
Georgia now joins a small group of countries actively integrating blockchain-based payment systems with national financial infrastructure.
Tether and the Government of Georgia to Launch GEL₮, the Official Stablecoin of Georgiahttps://t.co/ueSLlJzot1
— Tether (@tether) May 25, 2026
You need to login in order to Like
Leave a comment