BlockBeats report, on May 25, according to official announcements, Tether, with the support of the Georgian government, plans to launch GEL₮, a stablecoin pegged to the Georgian lari. This marks one of the first joint initiatives to place a national currency directly on the digital asset track under a specially designed regulatory framework for stablecoins.
GEL₮ is designed to serve as the digital representation of the Georgian Lari, enabling lower transaction costs, near-instant settlement, programmable payments, and more efficient value transfer within digital financial systems. The initiative is expected to support fintech development, digital payments, and broad access to programmable financial infrastructure in Georgia and beyond.
Georgian Prime Minister Irakli Kobakhidze said: “With visionary partners like Tether, Georgia is laying the foundation for a more interconnected, transparent, and digitally empowered financial world.” Tether CEO Paolo Ardoino noted: “Stablecoins are no longer a niche financial tool—they are becoming part of the global financial infrastructure layer. Georgia has taken the lead in establishing a serious regulatory framework for digital assets and stablecoins, and this clarity lays the groundwork for genuine innovation and adoption.”