Tether has announced plans to launch GEL, a stablecoin pegged to the Georgian lari, in partnership with the government of Georgia.
the advertisement It represents one of the first efforts to place a national currency directly on digital asset infrastructure within a purpose-built stablecoin regulatory framework.
US dollar? It carries a market capitalization approaching $190 billion, with 24-hour trading volumes regularly exceeding Visa and Mastercard. Tether did not describe the asset as a central bank digital currency (CBDC).
majority? It aims to enable low transaction costs, near-instant settlement, and programmable payments. Georgia’s framework is designed to comply with the US GENIUS Act, placing the country among the first to seek regulatory interoperability with the evolving US digital asset framework.
According to Paolo Ardoino, CEO of Tether:
“Stablecoins are no longer a niche financial instrument. They have become part of the infrastructure layer of global finance. Georgia moved early to create a serious regulatory architecture for digital assets and stablecoins, and this clarity creates the foundation for true innovation and adoption.”
Prime Minister Irakli Kobakhidze said Georgia is “laying the foundations for a more connected, transparent and digitally empowered financial world” through the partnership. More details about the GEL structure and rollout will be announced at a later date.
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