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Tether Plans GELT Stablecoin Under Georgia Crypto Rules
Stablecoin issuer Tether and the government of Georgia plan to launch a stablecoin called “GELT” that would represent the Georgian lari under the country’s digital asset regulatory framework. On Monday, Tether said the stablecoin is expected to support cross-border commerce and digital payments in Georgia. The company said GELT’s structure, rollout and regulatory implementation will...
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