Tether and Georgia launch GELT, a GEL-backed stablecoin, under new regulation
26.05.2026
Tether, the world's leading steblecoin issuer, together with the National Bank of Georgia announced the launch of a new digital asset, GELT, backed by the Georgian Lari. The move reflects Georgia's commitment to innovation in the financial sector and support for the digital transformation of the economy.The GELT stablecoin will be fully backed by reserves in the national currency and will be issued in strict compliance with the new regulatory regime that the National Bank of Georgia has implemented specifically for digital assets. The new regulatory framework provides for transparency, mandatory audit of reserves and strict anti-money laundering compliance.According to Tether representatives, GELT is designed to increase the availability of financial services in Georgia, as well as simplify cross-border settlements and stimulate the development of the fintech ecosystem in the region. The National Bank of Georgia notes that the introduction of GELT will allow citizens and businesses to safely use digital currency, preserving stability and trust in the national financial system.Georgia becomes one of the first countries to introduce a stablcoin that is fully compliant with state regulatory standards. The launch of GELT is expected to accelerate the digitalization of the economy and attract additional investments into the country. Experts estimate that the volume of transactions with digital assets in Georgia may grow by 30% over the next two years.