Tether Partners With Georgia Government to Launch GELT Stablecoin

Georgia Positions Itself as Crypto Hub Through Tether Stablecoin Partnership

Tether is preparing to launch a stablecoin tied to the Georgian lari in collaboration with the Government of Georgia, marking one of the most ambitious efforts yet to place a national currency directly onto blockchain-based payment infrastructure.

The new token, branded GELT, is a digital representation of Georgia’s national currency and is being developed within a regulatory framework specifically designed for stablecoins and digital assets.

The initiative reflects a broader shift underway in global finance as governments and financial institutions increasingly explore how blockchain-based payment systems could modernize cross-border transactions, remittances, and settlement infrastructure.

Tether said GELT will support faster and lower-cost transactions while enabling programmable payments and more efficient movement of value across digital financial systems. The launch also underscores Georgia’s growing ambition to position itself as a regional hub for digital asset innovation.

Over recent years, the Georgian government and the National Bank of Georgia have introduced a comprehensive digital asset framework aimed at attracting crypto businesses through regulatory clarity. The country’s stablecoin rules are aligned with emerging international standards covering reserve management, redemption rights, anti-money laundering controls, and issuer supervision.

Notably, Georgian authorities said the framework will maintain compatibility with evolving U.S. stablecoin legislation, including provisions tied to the proposed GENIUS Act. That alignment could position Georgia among the first jurisdictions attempting direct interoperability with future U.S. digital asset regulations.

Georgian Prime Minister Irakli Kobakhidze described the partnership as part of a broader effort to build a more connected and digitally integrated financial system.

Together with visionary partners like Tether, Georgia is laying the foundations for a more connected, transparent, and digitally empowered financial world.

Tether’s USDT stablecoin currently has a market capitalization approaching $190 billion, with trading volumes that often rival or exceed those of traditional payment networks. The company’s expanding role in global digital payments has increasingly drawn attention from governments exploring blockchain-based monetary infrastructure.

“ Stablecoins are no longer a niche financial instrument,” Tether CEO Paolo Ardoino said in a statement. “They are becoming part of the infrastructure layer for global finance.”

The National Bank of Georgia has endorsed the initiative, framing it as part of a strategy to modernize financial infrastructure while maintaining international regulatory alignment.

Georgia has already become one of the more active jurisdictions for crypto-related payments and blockchain experimentation. The country currently allows certain tax payments through systems that instantly convert digital assets into local currency.

While additional details regarding GELT’s rollout and technical structure have yet to be disclosed, the project signals how stablecoins are increasingly moving beyond dollar-denominated markets and into sovereign currency systems.

For Tether, the move expands its influence beyond private-sector crypto markets and further into state-linked financial infrastructure. For Georgia, it represents a calculated bet that blockchain-based finance could strengthen its position as a regional gateway between traditional banking and the digital economy.