Tether logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration
25 May 2026 04:39PM
May 25 : Tether, the issuer of the world's largest stablecoin, said on Monday it plans to launch a stablecoin representing the Georgian Lari, with the support of the government of Georgia, making it one of the first joint efforts to place a national currency on digital asset rails. The stablecoin will be called 'GEL₮', Tether said. Stablecoins are a type of cryptocurrency pegged to a fiat currency. They are mostly used in crypto trading, and have surged in size in recent years.
Source: Reuters
