Tether: Launches Official Stablecoin GEL₮ in Partnership with the Government of Georgia

Odaily reports that Tether has announced the launch of GEL₮, the official stablecoin pegged to the Georgian Lari, in collaboration with the Government of Georgia. This is one of the first joint efforts to place a national currency on a digital asset track under a specifically constructed stablecoin regulatory framework. Georgian Prime Minister Irakli Kobakhidze stated that Georgia, together with partners like Tether, is laying the foundation for a more interconnected, transparent, and digitally empowered financial world. Tether CEO Paolo Ardoino noted that stablecoins are becoming part of the global financial infrastructure, and Georgia has taken the lead in creating a regulatory framework for digital assets and stablecoins.