Tether launches GEL₮ lari-backed stablecoin with Georgia
The launch pairs Tether with a sovereign backer, sidesteps USDT, and explicitly aligns Georgia's framework with the U.S. GENIUS Act — a template other non-dollar economies may copy.
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The launch pairs Tether with a sovereign backer, sidesteps USDT, and explicitly aligns Georgia's framework with the U.S. GENIUS Act — a template other non-dollar economies may copy.
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GELT is Tether's fourth jurisdiction-specific fiat stablecoin and the first launched with explicit government backing, designed for substantive compatibility with the U.S. GENIUS Act framework.
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The push pairs a top-10 stablecoin with a $200B-year crypto market shaped by lira volatility — and tethers Ripple’s institutional pitch to local rails that already settle in dollar-linked tokens.