Tether to Launch Official Stablecoin GEL₮ in Collaboration with the Government of Georgia

Tether announced it will collaborate with the Government of Georgia to launch an official stablecoin, GEL₮, pegged to the Georgian lari and issued under a dedicated stablecoin regulatory framework. GEL₮ is designed as a digital representation of the Georgian lari, aiming to reduce transaction costs, enable near-instant settlement, support programmable payments, and enhance the efficiency of fund flows in cross-border transfers and the broader digital financial system. Tether stated that the initiative is expected to support cross-border trade, fintech development, and digital payments.