Tether Plans GELT Stablecoin Launch with Georgian Government Support
Tether, the world’s largest stablecoin issuer, has announced plans to launch GELT, a new stablecoin pegged to the Georgian Lari (GEL). The launch is backed by the Georgian government and aims to boost digital payments and cross-border commerce.
GELT Stablecoin Features
GELT will act as a digital version of the Georgian Lari, offering lower transaction costs, faster settlements, and programmable payments. It is designed with “substantive compatibility” to upcoming U.S. stablecoin regulations, including the GENIUS Act. The stablecoin will support easier cross-border trade and financial access across Georgia and the region.
Government and Leadership Statements
Georgia’s Prime Minister Irakli Kobakhidze welcomed the partnership, stating it will build a more connected and transparent financial system. Tether CEO Paolo Ardoino highlighted Georgia’s clear regulatory framework as a strong foundation for innovation and adoption in digital assets.
Tether’s Expansion Plans
This move continues Tether’s strategy of launching local currency stablecoins. The company previously introduced MXNT (Mexican Peso) and EURT (Euro). Further details on GELT’s structure, rollout timeline, and regulatory compliance will be shared later.
