Tether to launch ‘official’ stablecoin in Georgia, with government support

Tether, the world’s biggest stablecoin issuer, plans to launch a crypto token representing the Georgian lari with the support of Georgia’s government, the company said on Monday, in the latest sign of the country’s pro-crypto approach.

Tether’s new token is unusual in being launched by a private company in partnership with a government, ‌although Tether did ⁠not detail ⁠the nature of the partnership, or whether what it called the “official” stablecoin amounted to a central bank digital currency.