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

According to Mars Finance, on May 25th, Tether, with the support of the Georgian government, plans to launch GEL₮, a stablecoin representing the Georgian Lari. This marks one of the first joint efforts to place national currencies directly on the digital asset track within a specially constructed stablecoin regulatory framework. GEL₮ aims to serve as the digital representative of the Georgian Lari, enabling lower transaction costs, near-instant settlement, programmable payments, and more efficient value transfer within the digital financial system. The plan is expected to support fintech development, digital payments, and widespread access to programmable financial infrastructure in Georgia and the wider region. Georgian Prime Minister Irakli Kobakhidze stated, "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 noted, "Stablecoins are no longer a niche financial instrument; they are becoming part of the global financial infrastructure. Georgia has taken the lead in establishing a rigorous regulatory framework for digital assets and stablecoins, and this clarity lays the foundation for genuine innovation and adoption."