Georgia is moving ahead of most nations by placing its national currency, the lari, directly onto private stablecoin infrastructure through a partnership with Tether. Announced on May 25, the initiative introduces GEL₮, an officially sanctioned stablecoin representing the Georgian lari, built on Tether's existing rails. The move is notable because most governments are still debating regulatory frameworks for stablecoin models before committing to them at a national level. By designating GEL₮ as the official stablecoin, Georgia is effectively outsourcing a component of its national payment infrastructure to a private issuer. The arrangement raises broader questions about sovereign monetary control, but positions Georgia as an early mover in state-backed stablecoin adoption at a time when global policy on the model remains unsettled.
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