Tether plans GELT stablecoin launch with support from Georgian government
The Block
Tether is launching GELT, a Georgian lari-pegged stablecoin, in partnership with the Georgian government to enhance regional financial infrastructure.Summary
Tether has announced the development of GELT, a stablecoin backed by the Georgian lari, created in collaboration with the government of Georgia. The initiative aims to provide faster, lower-cost, and programmable financial services while aligning with the nation's new digital asset regulatory framework. This launch represents a strategic effort by Tether to expand its jurisdiction-specific stablecoin offerings, following similar projects in Mexico and the United States.
(Source：The Block)