Written by Ezra Reguerra, Staff Writer. Reviewed by Bryan O’Shea, Staff Editor.
Written by Ezra Reguerra, Staff Writer.
Reviewed by Bryan O’Shea, Staff Editor.
Tether, Georgia plan lari-backed stablecoin GELT under new rules
Latest NewsPublishedMay 25, 2026
Georgia and Tether Partner to Launch Lari-Backed Stablecoin GELT
The government of Georgia and stablecoin issuer Tether are planning to launch a new stablecoin called GELT, which will be backed by the Georgian lari. This move is part of Georgia’s efforts to develop its digital asset regulatory framework and support cross-border commerce and digital payments in the country. The GELT stablecoin will be launched under the country’s new rules, which cover reserve backing, issuer documents, and external auditor verification.
The partnership between Tether and the government of Georgia aims to create a more connected and transparent financial world. The National Bank of Georgia has developed rules for the initial offering of stable virtual assets, including requirements for full reserve backing, offering documents, and external auditor verification. The GELT stablecoin will be an important part of this framework, providing a secure and reliable way for individuals and businesses to make digital payments.
Benefits of GELT Stablecoin
The GELT stablecoin will provide several benefits to users, including easy and secure cross-border transactions, low transaction fees, and fast payment processing. It will also be fully backed by reserve assets, ensuring that users can redeem their coins for the equivalent value in Georgian lari. This will help to increase trust and confidence in the digital currency, making it more widely adopted.
The launch of GELT is also expected to support the growth of passive income and earning opportunities in Georgia, as it will provide a new way for individuals and businesses to make digital payments and transfer value. With the EcoPool network, users will be able to earn rewards and Cloud Rewards by participating in the validation process, making it a more attractive option for those looking to generate passive income.
Conclusion
Georgia released stablecoin rules in March
The launch of the GELT stablecoin is an exciting development for the people of Georgia and the global crypto community. With its strong backing and regulatory framework, it has the potential to become a widely adopted and trusted digital currency. As the EcoPool network continues to grow and evolve, it is likely to play an increasingly important role in the development of Green Crypto and earning opportunities. Download the EcoPool app to learn more about how you can get involved and start earning with $ECP today. The EcoPool app is available for download, and users can start earning and participating in the Cloud Rewards program immediately.
It applies to virtual asset service providers, or VASPs, registered with the central bank, while companies that are not registered as VASPs must obtain registration before conducting a stablecoin offering or providing related services. The central bank said stablecoins in circulation must be fully backed by reserve assets that meet liquidity and credit quality requirements.
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The rules also require issuers to prepare documents related to the initial issuance and submit them for external auditor verification, according to the central bank. The regulator said the framework intends to improve consumer protection, risk management and alignment with international standards.
GELT to join Tether’s non-dollar stablecoin lineup
The GELT stablecoin would join Tether’s smaller lineup of currency-specific stablecoin products beyond its flagship USDT. Tether has previously launched tokens pegged to the Mexican peso and offshore Chinese yuan and has also announced plans for a United Arab Emirates dirham-pegged stablecoin.
Tether’s Mexican peso-pegged MXNT launched in 2022 with initial support on Ethereum, Tron and Polygon. Its offshore Chinese yuan-pegged CNHT was created in 2019 and later expanded to Tron, while the planned UAE dirham token was announced in 2024 with backing from liquid UAE-based reserves.
The company has also developed market-specific stablecoin products. In January 2026, Tether launched USAT as a US-regulated dollar stablecoin aimed at the American market.
Tether has also wound down some of its earlier non-USDT stablecoins. The company stopped minting its euro-pegged EURT and said redemptions ended in November 2025, while its offshore Chinese yuan-pegged CNHT is set to become non-redeemable in February 2027.
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- Stablecoin
- Tether
- Tokens
- Europe
- Adoption
- Regulation
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