Tether Announces Plans to Launch GELT Stablecoin in Georgia
Tether announced a Georgian lari-backed stablecoin project supported by the country’s authorities. The initiative is designed to connect Georgia’s financial system with the global digital asset market and provide businesses with a new tool for payments and settlements.
Tether announced the launch of GELT, a stablecoin denominated in the Georgian lari. The project is being developed in partnership with the Georgian government and is set to become one of the first initiatives globally to integrate a national currency into digital financial infrastructure under a dedicated stablecoin regulatory framework.
GELT is expected to:
- reduce the cost of money transfers;
- accelerate cross-border settlements;
- enable programmable payments;
- expand access to digital financial services;
- simplify capital flows across the region.
Georgian authorities expect the project to support the development of the country’s fintech sector, digital payments market, and cross-border commerce.
Further details regarding GELT’s structure, launch timeline, and regulatory framework will be disclosed at a later stage.
The GELT initiative follows years of legislative and regulatory work by the Georgian government and the National Bank of Georgia on digital asset oversight. Officials say the country has developed one of the region’s most advanced regulatory frameworks for the crypto industry. Particular emphasis has been placed on reserve requirements, issuer oversight, token redemption rights, and anti-money laundering compliance.
In March 2026, the National Bank of Georgia (NBG) adopted a regulatory framework governing stablecoin issuance by virtual asset service providers.
When drafting the rules, the regulator drew on provisions from the U.S. GENIUS Act, the European Union’s MiCA framework, and requirements established by Dubai’s Virtual Assets Regulatory Authority (VARA). The approach is intended to align Georgia’s model with key international standards for digital asset regulation.
Georgian Prime Minister
Tether CEO
Earlier in 2026, Tether also announced a partnership with local payment provider CityPay. The companies said the collaboration would focus on advancing the payments industry, improving the efficiency of cryptocurrency transactions, and expanding access to digital assets in Georgia.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Delta Air Lines (DAL.US) financial report reveals how the airline industry’s “energy consumption eats into profits”! Q3 revenue hits a record high, but high oil prices lower profit outlook
Delta Air Lines’ adjusted fuel expenses in the third quarter increased by 62% year-on-year, with the adjusted operating profit margin dropping from 11.1% to 9.4%. Therefore, this performance and outlook report demonstrates the operational resilience of this aviation giant under high oil prices, but has yet to indicate a renewed expansion in profit margins.
Morgan Stanley Bullish on SpaceX: "Tera’Merica" Potential Undervalued, Enterprise AI and Computing Power Expansion Unlock Growth Space
Morgan Stanley believes that SpaceX's growth logic is expanding from aerospace and satellite communications to enterprise AI and computational infrastructure, while the reconstruction of U.S. advanced manufacturing may also open up broader long-term opportunities. The commercialization of enterprise AI and the expansion of computational power provide more direct growth support, while the manufacturing opportunities represented by "Tera’Merica" offer additional long-term growth potential for the company.
Bitcoin Price LIVE: Buyers Absorb Selling as $87,220 Liquidity Target Looms
Standard Chartered maintains $250 year end target for SOL despite price drop
Crypto prices
More
