Tether launches GELT stablecoin backed by Georgian government
Tether has launched a new stablecoin called GELT, which is backed by the Georgian government and pegged to the Georgian lari. This initiative marks a significant endorsement of Tether's products by a national government, with support from key officials in Georgia. The stablecoin aims to facilitate lower transaction costs and smoother cross-border payments while aligning with emerging regulatory frameworks.
- ▪GELT is pegged 1:1 to the Georgian lari and has explicit backing from the Georgian government.
- ▪The initiative is supported by Georgian Prime Minister Irakli Kobakhidze and National Bank of Georgia President Natia Turnava.
- ▪Georgia is developing a regulatory framework for GELT that aligns with the US GENIUS Act standards.
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Tether launches GELT stablecoin backed by Georgian government The stablecoin giant partners with Georgia to create a lari-pegged digital currency, marking one of the most direct government endorsements of a Tether product to date. Share Add us on Google by Editorial Team May. 25, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Tether is building a stablecoin for the Republic of Georgia.
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