The Central Bank of Georgia has introduced new regulations permitting companies registered and licensed in the country to issue stablecoins pegged to fiat currencies, provided they are fully backed by reserve assets. Issuers must meet specific capital requirements, including a minimum regulatory capital of 500,000 Georgian Lari (approximately US$183,000), and undergo rigorous audits. Reserve assets exceeding 15 million Georgian Lari (approximately US$5.5 million) require quarterly audits by one of the "Big Four" accounting firms. Under the new rules, stablecoin issuers must register with the central bank and obtain written permission. Users can redeem stablecoins at face value, with redemption requests under 300,000 Georgian Lari processed within three business days, and larger amounts within five business days. The regulations apply to stablecoins pegged to the Georgian Lari, foreign currencies, or other assets, mandating 100% reserve coverage and a clear separation of assets from the issuer's own holdings.