Tether, Georgia plan lari-backed stablecoin GELT under new rules
Georgia’s central bank released stablecoin rules in March covering reserve backing, issuer documents and external auditor verification....
Key takeaways
- 1Tether and Georgia plan to launch GELT, a lari-backed stablecoin under Georgia's new regulatory framework.
- 2Georgia's central bank requires stablecoins to be fully reserve-backed with external auditor verification and prior written consent.
- 3GELT joins Tether's currency-specific stablecoin lineup alongside peso, yuan, and dirham-pegged tokens.
Coins in this story
Why it matters
Georgia's regulated stablecoin framework sets a compliance standard for emerging markets, while GELT could facilitate cross-border commerce and digital payments in Eastern Europe—relevant for Indian investors exploring stablecoin adoption in regional markets.
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Bitcoin and Ethereum ETF outflows expose rotation into HYPE, XRP and Solana
Bitcoin and Ethereum ETF outflows have accelerated, with institutional investors pulling nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. However, rather than signaling a broad exit from digital assets, market data reveal a historic divergence, with these allocators simultaneously rotating into newly launched ...
