National Bank of Georgia to launch stablecoin with Tether
Governor Turnava welcomes investment at regulatory framework launch
The National Bank of Georgia will launch a lari stablecoin, to be called gelt, with Tether, according to a press release by the world’s largest stablecoin issuer on May 25.
“This marks one of the first joint efforts to place a national currency directly onto digital asset rails under a purpose-built stablecoin regulatory framework,” Tether said. The company added that the “launch comes as governments and central banks globally begin confronting a structural shift in how money moves”.
Tether said
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