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 and anti-money laundering rules. The initiative aims to reduce transaction costs, enable instant settlements, and support cross-border payments. This partnership sets a precedent for private stablecoin issuance under government oversight, differing from typical central bank digital currencies (CBDCs).
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...
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...
