# Stablecoins are a type of cryptocurrency pegged to a fiat currency.

*fintech · news · 2026-05-25 · The Star*

## Key points

- Tether will launch a stablecoin pegged to the Georgian Lari with government support.
- The new stablecoin will be named 'GEL₮', according to Tether.
- This initiative marks one of the first collaborations placing a national currency on digital rails.
- The Georgian government is directly involved in the development of the GEL₮ stablecoin.

May 25 (Reuters) - ⁠Tether, the issuer ⁠of the world's ‌largest stablecoin, said on Monday it plans to launch ​a stablecoin representing ⁠the Georgian ⁠Lari, with the support of ⁠the ‌government of Georgia, making ⁠it one of the first ​joint ‌efforts to place a ⁠national ​currency on digital asset rails. The stablecoin ⁠will be called 'GEL₮', Tether ​said. Stablecoins are a type of cryptocurrency pegged to ⁠a fiat currency. They are mostly used in crypto trading, ​and have ⁠surged in size in ​recent years. (Reporting ‌by Akanksha Khushi ​in Bengaluru; Editing by Nivedita Bhattacharjee)

**Companies:** Tether
**Countries:** Georgia

[Read the full story on The Star](https://www.thestar.com.my/tech/tech-news/2026/05/25/tether-and-georgia-government-to-launch-official-stablecoin-of-georgia)

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