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Tether Announces Georgian GELT Stablecoin
Tether reveals a partnership with the Georgian government to launch a new GELT stablecoin pegged to the Georgian currency.
Georgia is now actively pursuing its own national stablecoin (Mostafa Meraji / Unsplash)
Tether is set to launch a Georgian stablecoin.
The world's largest stablecoin issuer has officially partnered with the Georgian government to launch Georgia's own national stablecoin. Backed by the Lari sovereign currency, the GELT stablecoin is targeted for domestic payments and finance later this year.
This collaboration has the support of both the Georgian government and its national bank.
In this announcement, Prime Minister Irakli Kobakhidze has expressed:
“Together with visionary partners like Tether, Georgia is laying the foundations for a more connected, transparent, and digitally empowered financial world”
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