GEL₮

Georgia and Tether to Launch National Stablecoin, GEL₮

Georgia and Tether are partnering to launch GEL₮, a stablecoin representing the Georgian lari, aiming to enhance transaction speed, reduce costs, and support programmable payments. The initiative seeks to integrate national currency value onto private stablecoin rails, drawing parallels with emerging U.S. stablecoin regulations like the GENIUS Act.