Tether Plans GELT Stablecoin Launch With Backing From Georgian Government

Tether is preparing to launch a new stablecoin called GELT, a digital token linked to Georgia’s national currency, the Georgian lari, as the company expands its presence in regulated financial markets.

The planned stablecoin is being introduced with support from the Georgian government and is expected to improve digital payments, reduce transaction costs, and make cross-border transfers faster and more efficient.

According to company details, GELT will act as a digital version of the Georgian lari and support programmable payments, helping businesses and users move money more easily across borders.

Georgia Pushes Crypto-Friendly Regulations

Tether said Georgia has developed a digital asset framework designed to align closely with emerging US stablecoin rules, including standards linked to the GENIUS Act. The company believes this legal clarity creates a stronger environment for stablecoin adoption and financial innovation.

Georgia Prime Minister Irakli Kobakhidze said the partnership aims to build a more transparent and digitally connected financial system.

Tether Expands Beyond USDT

The GELT launch follows Tether’s broader strategy of creating region-specific stablecoins. The company previously launched MXNT, a Mexican peso-backed token, and EURT, a euro-pegged stablecoin that was later discontinued due to regulatory changes in Europe.

Tether also introduced USAT earlier this year to expand its presence in the US market following new stablecoin legislation. While USDT remains Tether’s largest product with a market value of around $189 billion, it is not currently available to US users.