Trending Now - Tether to Introduce GELT, a Stablecoin Backed by Georgian Lari

WHO:

Engadget - Tether, the world's biggest stablecoin issuer, is involved in launching the new cryptocurrency.

Techmeme - The government of Georgia is supporting Tether in the launch of the stablecoin GELT.

WHAT:

Engadget - Tether plans to introduce a stablecoin called GELT.

Techmeme - GELT will be an "official" stablecoin representing the Georgian lari.

Cointelegraph - Georgia’s central bank released stablecoin rules in March covering reserve backing, issuer documents, and external auditor verification.

WHERE:

Engadget - The stablecoin GELT will be tied to the local currency of Georgia.

WHEN:

Cointelegraph - The stablecoin rules were released in March.

WHY:

Techmeme - The partnership between Tether and Georgia's government is described as unusual.

HOW:

Cointelegraph - The new rules for stablecoins include requirements for reserve backing, issuer documentation, and verification by external auditors.

(UPDATED May 25, 2026 15:49 UTC)

Tether, the world's largest stablecoin issuer, is set to launch a new stablecoin called GELT, which will officially represent the Georgian lari. This initiative is being supported by the government of Georgia, marking an unusual partnership as the country’s central bank recently released rules for stablecoins that cover reserve backing, issuer documentation, and external auditor verification. GELT will be tied to Georgia's local currency, aiming to enhance the financial landscape in the region.