Tether said on Monday that it plans to issue a stablecoin in Georgia with support from the country’s government, underscoring the nation’s aggressive push to establish itself as a crypto hub that’s uniquely aligned with U.S. regulations.
With a population of roughly 3.9 million people, the country is actively laying the foundation for “a more connected, transparent, and digitally empowered financial world” through GELT, Georgia’s Prime Minister, Irakli Kobakhidze, said in a statement.
The stablecoin is being positioned as a turning point for the region, promising citizens near-instant settlements, lower transaction fees, and a direct bridge between the traditional banking system and Georgia’s growing digital economy.
“The National Bank of Georgia welcomes collaboration with global innovators like Tether as part of its broader strategy to advance secure, modern, and internationally aligned digital financial infrastructure,” National Bank of Georgia President Natia Turnava said in a statement.
