Tether and Georgia's government team up to launch GELT, a Georgian lari stablecoin!

Tether has announced plans to launch GELT, a stablecoin pegged to the Georgian lari, backed by direct support from the Georgian government. The token is designed to enable lower transaction costs, faster settlement, and programmable payments — positioning Georgia as an early mover in sovereign-aligned stablecoin infrastructure.

Georgia's digital asset framework was built for "substantive compatibility" with emerging U.S. stablecoin regulation, including the GENIUS Act. Prime Minister Irakli Kobakhidze framed the partnership as laying "foundations for a more connected, transparent, and digitally empowered financial world," while Tether CEO Paolo Ardoino called Georgia's regulatory clarity the foundation for "real innovation and adoption."

GELT fits into Tether's broader push to roll out jurisdiction-specific fiat stablecoins.