Tether Plans GELT Stablecoin Under Georgia Crypto Rules
Cointelegraph
Tether and the Georgian government are partnering to launch GELT, a new stablecoin pegged to the Georgian lari.Summary
Stablecoin issuer Tether has announced a partnership with the Georgian government to develop GELT, a digital asset pegged to the Georgian lari. This initiative aligns with Georgia's new regulatory framework for digital assets, which emphasizes reserve management, Anti-Money Laundering compliance, and issuer oversight. While specific details regarding the issuance, reserve storage, and launch timeline remain pending, the project aims to enhance cross-border commerce and digital payment infrastructure within the country.
(Source：Cointelegraph)