Tether Plans Georgian Lari Stablecoin in Sovereign Currency Partnership
BeInCrypto
Tether is partnering with the Georgian government to launch GEL₾, a new stablecoin pegged to the national currency.Summary
Tether and the government of Georgia have announced a partnership to launch GEL₾, a digital version of the Georgian Lari. This initiative aims to integrate sovereign currency onto blockchain rails, aligning with the U.S. GENIUS Act to foster regulatory interoperability. By leveraging Tether's blockchain infrastructure, the project seeks to enhance cross-border trade, lower transaction fees, and promote fintech innovation within the region.
(Source：BeInCrypto)