Tether plans to launch GELT, a stablecoin that represents Georgia’s national currency and is backed within a regulatory framework for stablecoins and digital assets. The token is being developed in collaboration with the Government of Georgia and aims to support faster, lower-cost transactions, programmable payments, and more efficient movement of value across digital financial systems. Georgia’s stablecoin rules are designed to align with emerging international standards, including reserve management, redemption rights, anti-money laundering controls, and issuer supervision. The framework is also intended to remain compatible with evolving U.S. stablecoin legislation, including provisions related to the proposed GENIUS Act, supporting potential interoperability with future U.S. regulations. The initiative positions Georgia as a regional hub for digital asset innovation and blockchain-based payment infrastructure.
"Tether is preparing to launch a stablecoin tied to the Georgian lari in collaboration with the Government of Georgia, marking one of the most ambitious efforts yet to place a national currency directly onto blockchain-based payment infrastructure. The new token, branded GELT, is a digital representation of Georgia's national currency and is being developed within a regulatory framework specifically designed for stablecoins and digital assets."
"Tether said GELT will support faster and lower-cost transactions while enabling programmable payments and more efficient movement of value across digital financial systems. The launch also underscores Georgia's growing ambition to position itself as a regional hub for digital asset innovation."
"Over recent years, the Georgian government and the National Bank of Georgia have introduced a comprehensive digital asset framework aimed at attracting crypto businesses through regulatory clarity. The country's stablecoin rules are aligned with emerging international standards covering reserve management, redemption rights, anti-money laundering controls, and issuer supervision."
"Notably, Georgian authorities said the framework will maintain compatibility with evolving U.S. stablecoin legislation, including provisions tied to the proposed GENIUS Act. That alignment could position Georgia among the first jurisdictions attempting direct interoperability with future U.S. digital asset regulations."
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