Georgia and Tether outline plan for GELT, a Georgian lari stablecoin under digital asset rules

A planned stablecoin tied to Georgia’s national currency is being framed by officials as a step toward a new kind of financial connectivity, Cointelegraph reported. The project centers on a token called GELT that is intended to represent the Georgian lari within Georgia’s digital asset regulatory framework. ^[1]

Georgian Prime Minister Irakli Kobakhidze described the partnership with Tether in sweeping terms, saying it would help “lay the foundations for a more connected and transparent financial world.” ^[1]

The National Bank of Georgia also embraced the initiative. National Bank President Natia Turnava said the central bank welcomes the collaboration as part of its strategy to advance digital financial infrastructure. ^[1]

Under the plan outlined by Tether and the government of Georgia, GELT would be launched as a lari-representing stablecoin governed by the country’s digital asset rules. ^[1]

The announcement on 2026-05-25 marks the latest chapter in an ongoing effort by Tether and Georgia to pursue a lari-backed stablecoin under a new regulatory framework. ^[1]