Tether Teams With Georgia to Launch a Government-Backed Lari Stablecoin

By Isaac • May 25, 2026 11:07 am •

Tether announced on May 25 that it plans to launch GELT, a stablecoin representing the Georgian lari, with direct support from the Government of Georgia.

The project would place a national currency onto blockchain rails under a regulatory framework specifically built for stablecoins. Tether called it one of the first joint efforts of its kind anywhere in the world.

🇬🇪 NEW: Tether and the Georgian government plan to launch GEL₮, a Georgian Lari stablecoin under the country’s new digital asset framework. pic.twitter.com/7CHT8R0eHG

— Cointelegraph (@Cointelegraph) May 25, 2026

Tether ranks third among all crypto assets by market capitalization. Its flagship product, USDt, carries a market cap approaching $190 billion and routinely posts 24-hour trading volumes