Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Announced May 25 2026 as a joint Tether / Government of Georgia initiative to place the Georgian Lari on digital-asset rails; not a CBDC (distinct from the NBG's separate digital-lari pilot). Grounded in NBG Order No. 52/04 (March 6 2026), which lets licensed VASPs issue Lari-pegged stablecoins under 100% reserve backing, prior NBG consent, full redemption rights, and GEL 500,000 minimum issuer capital; framework built for compatibility with the US GENIUS Act. Endorsed by PM Irakli Kobakhidze and NBG President Natia Turnava. Tether signed an MOU with Georgia in June 2023 and has invested in CityPay.io (active at 2,000+ Georgian merchant locations); GEL₮ is stated to be issued on multiple blockchains. Chains, contract addresses, reserve disclosures, banking partners, and launch timing to be announced at a later stage.
Tether Georgian Lari Stablecoin (GEL₮) Pre-launch Stablecoin Tracker
GEL₮
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Other
- Jurisdiction
- Georgia (National Bank of Georgia (NBG))
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Tether and the Government of Georgia announce GEL₮
Joint initiative to issue a Georgian Lari-pegged stablecoin under the NBG's stablecoin framework; structure, rollout, and regulatory implementation to follow. Endorsed by PM Irakli Kobakhidze and NBG President Natia Turnava.
SourceGeorgia's Lari, Tether's Rails
GEL₮ is Tether's pre-launch Georgian Lari stablecoin, announced in May 2026 alongside the Government of Georgia and framed — by Tether — as the country's 'official' stablecoin. The framing is the story: a sovereign government handing its national currency's digital rails to the world's largest stablecoin issuer, while the National Bank of Georgia runs its own separate digital-lari pilot. The legal scaffolding is real — NBG Order No. 52/04 lets licensed issuers mint Lari-pegged tokens under 100% reserves, full redemption rights, and a GEL 500,000 capital floor, deliberately built for compatibility with the US GENIUS Act — but everything that matters for an assessment is still blank: no chains, no contracts, no reserve , no named , no launch date. With prime-minister and central-bank endorsements but a non-USD peg Pharos doesn't yet price, this is a flag planted on a map rather than a token you can hold. Whether 'official' means anything more than a sharper logo on a 1:1 Tether liability is the question the missing disclosures will eventually answer.
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Tether and the Government of Georgia to Launch GEL₮, the Official Stablecoin of Georgia
Tether and Georgia announce GEL₮, a Lari-pegged stablecoin under a purpose-built NBG framework designed for compatibility with the US GENIUS Act.
Tether Partners With Georgia Government to Launch GEL₮ Stablecoin
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