Crypto
Tether expands non-dollar stablecoins, pushes Georgian lari-pegged GELT
Tether and the Georgian government are moving to launch GELT, a stablecoin pegged to the Georgian lari, within Georgia’s newly established digital asset regulatory framework. Tether said it expects GELT to support digital payments in Georgia and cross-border commerce, but said details such as structure, launch method and regulatory application will be disclosed later. Georgia’s central bank has set out rules covering reserves, redemption rights, oversight and AML compliance.
