Tether and Georgia Collaborate on National Stablecoin Launch

Tether plans to launch GEL₮, a stablecoin tied to the Georgian lari, with Georgia's government.

Tether has announced plans to launch GEL₮, an official stablecoin pegged to the Georgian lari, in collaboration with the government of Georgia. According to the company, the asset aims to reduce transfer costs, expedite settlements, and support cross-border trade, fintech, and digital payments. The project is based on a new local regulatory framework for stablecoins, which Tether described as compatible with emerging regulations in the United States, including the GENIUS Act.