Tether and Georgia announce GEL₮ lari-pegged stablecoin on May 25, 2026

Tether and the Government of Georgia announced GEL₮, a lari-pegged stablecoin, on May 25, 2026. Officials said the project is intended to speed up cross-border payments, reduce settlement costs, and strengthen digital financial infrastructure. The rollout follows a June 2023 MOU between Georgia and Tether and builds on Tether's earlier government-linked initiatives.