Georgia and Tether launched GEL₮, a stablecoin pegged to the Georgian lari, aiming to speed up cross-border payments and reduce costs using blockchain technology. This partnership marks a shift from traditional state-run digital currencies to private stablecoin issuance, following Tether's earlier work with Lugano, Switzerland. The move could boost Georgia's digital financial infrastructure and business environment, leveraging Tether's compliance and enforcement track record. GEL₮ adoption may also help manage remittances and enhance government controls on digital assets.
Tether has partnered with the Government of Georgia to launch GELT, a stablecoin pegged 1:1 to the Georgian Lari. This is the first stablecoin issued with direct government partnership and a custom regulatory framework, including full reserve backing...
Tether and the Georgian government are launching GELT, a stablecoin pegged to the Georgian Lari, marking a pioneering effort to integrate sovereign fiat currency with blockchain technology. This initiative aims to modernize Georgia's financial infras...
Tether and the Government of Georgia announced the launch of GEL₮, a stablecoin pegged to the Georgian lari designed to enable lower transaction costs, near-instant settlement, programmable payments, and cross-border digital transfers. This initiativ...
The Georgian government has teamed up with Tether to launch GEL₮, a stablecoin pegged to the Georgian Lari, marking one of the first national currencies issued directly on blockchain. This initiative aims to enable faster, cheaper transactions and en...
StablR's stablecoins EURR and USDR lost their pegs after attackers exploited a weak multisig wallet setup, stealing about $2.8 million worth of crypto. The breach was due to a compromised private key, not a smart contract flaw, allowing hackers to mi...
