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Tether is partnering with the Georgian government to launch GEL₮, a stablecoin pegged to the Georgian Lari, under the…
The shutdown is small in dollar terms — aUSDT's $1.27M cap is a rounding error against USDT — but it continues Tether's pattern of pruning peripheral stablecoins to concentrate on its core dollar…
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.
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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