Tether partners with the Georgian government to launch official stablecoin GEL₮

CoinFeed reported on May 25th that Tether announced a partnership with the Georgian government to launch GEL₮, the official stablecoin of the Georgian Lari. This marks one of the first joint efforts to place a national currency directly into the digital asset orbit under a specially constructed stablecoin regulatory framework. Georgian Prime Minister Irakli Kobakhidze stated that, together with visionary partners like Tether, Georgia is laying the foundation for a more interconnected, transparent, and digitally enabled financial world. Tether CEO Paolo Ardoino stated that stablecoins are becoming part of the global financial infrastructure, and Georgia has taken the lead in creating a rigorous regulatory framework for digital assets and stablecoins.