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Tether and Georgian Government Launch GELT Stablecoin on May 25 Under New Digital Asset Rules

GateNews

Partnerships & Ecosystem

2026-05-25 14:52:26

According to official announcement, Tether and the Government of Georgia plan to launch GELT, a stablecoin pegged to the Georgian lari, on May 25 under a purpose-built regulatory framework designed to place a national currency directly onto digital asset rails. The initiative represents one of the first joint efforts to integrate traditional currency with blockchain infrastructure. Georgia's framework aligns with emerging US stablecoin legislation, including the GENIUS Act, positioning the country as a bridge between traditional finance and blockchain payments. GELT will support lower transaction costs, near-instant settlement, and programmable payments. Tether's selection reflects the scale of its infrastructure, with USDT's market capitalization approaching $190 billion. Prime Minister Irakli Kobakhidze and National Bank of Georgia President Natia Turnava described the partnership as a foundation for a more connected and digitally empowered financial system.

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