Tether has announced plans to introduce a stablecoin pegged to the Georgian Lari, named GEL₮, with backing from the Georgian government. This initiative aims to reduce transaction costs, enable near-instant settlements, and facilitate programmable payments and digital financial value transfers. Georgia is advancing its regulatory framework for digital assets and stablecoins, which includes guidelines on reserve management, redemption rights, issuer oversight, and anti-money laundering compliance. The country is also seeking compatibility with emerging U.S. stablecoin regulations, such as the GENIUS Act.