#USDTTether announced plans to introduce GEL₮, a stablecoin pegged to the Georgian lari, in collaboration with the Georgian government. The stablecoin aims to reduce transaction fees, facilitate almost immediate settlements, support programmable payments, and improve digital value transfers. Georgia has also strengthened its regulatory framework for digital assets and stablecoins by addressing reserve management, redemption protections, issuer supervision, and anti-money laundering requirements, while aligning its approach with developing U.S. stablecoin regulations such as the GENIUS Act.
