Tether and Georgia Plan Lari-Backed Stablecoin GELT Under New Regulations
Regulationsby Hardik Z.
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Tether and Georgia Plan Lari-Backed Stablecoin GELT Under New Regulations
National Bank of Georgia released stablecoin rules in March covering reserve backing, issuer documentation and verification by external auditors. Stablecoin issuer Tether and the government of Georgia plan to launch a stablecoin called “GELT,” which would represent the Georgian lari under the country’s digital asset regulatory framework. On Monday, Tether said the stablecoin is expected […]
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