Tether and the Government of Georgia have announced plans to launch GEL₮, a stablecoin tied to the Georgian lari. The May 25 announcement positions the token as the official stablecoin of Georgia under the country's digital asset framework.
The project aims to reduce transaction costs, enable near-instant settlement, and support programmable payments along with cross-border commerce. Georgia's National Bank developed related regulations in March to cover stable virtual assets, consumer protection, and alignment with international standards. The framework bars stablecoin offerings outside this regulated path.
