Tether targets Georgia with lari-backed stablecoin launch
Tether and the Government of Georgia plan to launch GEL₮, a stablecoin representing the Georgian lari. Tether and Georgia plan GEL₮ as a digital version of the Georgian lari for payments.GEL₮ will target lower transaction costs, fast settlement, programmable payments, and cross-border digital transfers.Georgias framework covers reserves, redemption rights, issuer oversight, AML rules, and U.S. rule alignment. In a Monday announcement, Tether said the project would place Georgias national currency on digital asset rails under a purpose-built stablecoin framework. The company said GEL₮ is designed for lower transaction costs, near-instant settlement, programmable payments, and digital value transfers. Further details on the tokens structure, rollout, and regulatory setup will be announced later. Georgia targets lari-backed stablecoin payments GEL₮ is expected to support digital payments, cross-border commerce, fintech products, and value transfers across Georgia and the wider region. Tether said the token will work as a digital version of the Georgian lari, not a dollar-backed asset. The move comes as stablecoins keep growing as payment and settlement tools. Tether said USD₮ has a market capitalization approaching $190 billion, while crypto.news market data recently placed USDTs market cap near $189.5 billion. Georgia has already supported digital asset payments in some public finance use cases. Tether said the country allows








