Tether Aims to Help Georgia Launch National Stablecoin

Stablecoin issuer Tether is working with the nation of Georgia to launch a national stablecoin. The collaboration marks one of the first efforts to put a national currency, the Georgian Lari, onto digital asset rails governed by a purpose-built stablecoin regulatory framework, Tether said in its announcement Monday (May 25). “Stablecoins are no longer a niche financial instrument.