GELT is designed to support cross-border commerce under a Georgian framework aligned with emerging U.S. stablecoin regulations.

Tether has announced plans to launch GEL₮, a stablecoin representing the Georgian Lari, with backing from the Government of Georgia.

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…