Tether's "sovereign currency tokenization" strategy advances further: Teaming up with the government of Georgia to launch the official stablecoin "GEL"

Zhtng cijng APP hu xn, quny zud wndng b fxngfng Tether zhuy xunb, jhu zi g l jy zhngf de zhch xi tuch dibi g l jy hub ll de wndng b, zh jing sh shup jing guji hub nr shz zchn tx de hzu xingm zh y. Tether biosh, gi wndng b jing bi mngmng wi "GEL". Wndng b sh y zhng y flng hub guku de jim hub, tmen zhyo yng y jim hub jioy, jnnin li gum xns zngzhng. Zhitong Finance APP learned that Tether, the world's largest stablecoin issuer, announced on Monday that it plans to launch a stablecoin representing the Georgian currency Lari with the support of the Georgian government. This will be one of the first cooperative projects to integrate a national currency into the digital asset system. Tether stated that the stablecoin will be named "GEL". Stablecoins are cryptocurrencies pegged to a fiat currency and are mainly used for cryptocurrency trading, with rapid growth in scale in recent years.