Georgia reiterates crypto commitment as Tether unveils government-backed GEL₮ stablecoin

Georgia has partnered with Tether to launch the digital asset GEL₮. The Georgian government seeks to develop a digital Lari that runs seamlessly within the blockchain environment. GEL₮ is set to offer users reduced transaction costs, instant payments, and programmability in payment systems. Georgia develops a stablecoin banked on digital rails Based on today’s official...