Wu Blockchain (@WuBlockchain): Tether and Georgia Plan to Launch Lari-Backed Stablecoin GEL₮
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Tether and Georgia Plan to Launch Lari-Backed Stablecoin GEL₮ Tether said it plans to launch GEL₮, a stablecoin backed by the Georgian lari, with support from the Georgian government. GEL₮ is designed to lower transaction costs, enable near-instant settlement, programmable payments, and digital value transfer. Georgia has advanced its digital asset and stablecoin regulatory framework, covering reserve management, redemption rights, issuer oversight, and AML compliance, while seeking substantive compatibility with emerging U.S. stablecoin rules, including the GENIUS Act.