Business · 26 May 2026
Tether to launch Georgian lari stablecoin GELT
Tether, the world's largest stablecoin issuer, said it will launch GELT, a crypto token tied to the Georgian lari and backed by Georgia's government. The company described GELT as a digital representation of the lari meant to support cross-border commerce, fintech and digital payments, though details on its structure are still to come. Tether credited the National Bank of Georgia's stablecoin rules for drawing it in, noting Georgia ranks among the world's top crypto miners.
Reported by Reuters · How we write briefs