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 initiative aims to modernize Georgia's financial system by integrating digital assets with regulatory oversight aligned with emerging U.S. stablecoin rules. GEL₮ will support digital payments, fintech products, and regional commerce, building on Tether's existing investments and collaborations in Georgia's blockchain and payment sectors. Further details on the token's rollout and regulatory framework will be revealed later.
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...
Plasma, a Layer-1 blockchain built specifically for stablecoin payments and backed by Tether and Founders Fund, has quickly become the second largest destination for USDT0 stablecoin transfers, accumulating over $27 billion in inflows since its mainn...
Peaq demonstrated a delivery robot autonomously navigating a simulated Seoul environment and making payments onchain using USDT stablecoin. The robot operated on peaqOS, a blockchain-based system providing decentralized identity, embedded wallets, an...
A large transfer of 52.16 million USDT stablecoins to Binance has been detected, drawing attention from traders monitoring significant stablecoin movements. While such transfers often indicate preparation for trading activities like buying cryptocurr...
