GEL₮ Lari-Backed Stablecoin
Sector: Government • Location: Georgia
Source: PaymentsJournal
The crypto-forward nation of Georgia is launching GEL₮, a stablecoin backed by the Georgian lari in partnership with Tether. The initiative aims to reduce transaction costs, enable near-instant settlement, and make payments programmable, improving the efficiency of cross-border transfers. It is issued by a private company rather than a central bank, with the issuer controlling technology, distribu
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The crypto-forward nation of Georgia is launching GEL₮, a stablecoin backed by the Georgian lari in partnership with Tether. The initiative aims to reduce transaction costs, enable near-instant settlement, and make payments programmable, improving the efficiency of cross-border transfers. It is issued by a private company rather than a central bank, with the issuer controlling technology, distribution, and reserve management. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |