Tether partners with the Georgian government to launch the official stablecoin GEL₮

BlockBeats News, May 25—according to official information, Tether, with the support of the Georgian government, plans to launch the GEL₮ stablecoin pegged to the Georgian lari. This marks one of the first joint efforts to place a national currency directly on the digital asset track under a specifically constructed stablecoin regulatory framework.

GEL₮ is intended to serve as the digital representation of the Georgian lari, enabling lower transaction costs, near-instant settlements, programmable payments, and more efficient value transfer within the digital financial system. The project is expected to support financial technology development, digital payments, and broader access to programmable financial infrastructure in Georgia and the wider region.

Georgian Prime Minister Irakli Kobakhidze stated, “Together with visionary partners like Tether, Georgia is laying the foundation for a more connected, transparent, and digitally empowered financial world.” Tether CEO Paolo Ardoino commented, “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 robust regulatory framework for digital assets and stablecoins; this clarity paves the way for true innovation and adoption.”