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Tether is partnering with the Georgian government to launch GEL₮, a stablecoin pegged to the Georgian Lari, under the…
PENGU launched on Solana with 88.88 billion supply and an airdrop that filtered NFT-holders and dust wallets. Here is how its token model stacks up against Milady and similar PFP launches.
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.
The agreement opens a path to pilot tokenized assets in Alatau, but it is exploratory and does not commit Kazakhstan to issuing a stablecoin or adopting Tether’s technology.
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