Tether: Collaborating with the Georgian Government to Launch the Official Stablecoin GEL₮

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