Tag: georgia
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Tether and Government of Georgia to Launch GEL₮ Stablecoin in Landmark Digital Asset Partnership
Tether, the world’s largest stablecoin issuer, has officially announced a strategic collaboration with the Government of Georgia to develop and launch GEL₮, a digital stablecoin pegged to the Georgian Lari. This initiative represents one of the most significant efforts to date by a sovereign nation to integrate its national currency directly into digital asset infrastructure…
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Georgia Launches Decisive Crackdown on Illegal Cryptocurrency Mining in Svaneti Region to Safeguard National Power Grid
The Georgian government has officially initiated a comprehensive strategy to dismantle illegal cryptocurrency mining operations in the mountainous Svaneti region, specifically targeting the Mestia municipality. Vice Prime Minister Mamuka Mdinaradze announced the sweeping initiative on June 1, marking a significant shift in the state’s approach toward energy theft and unauthorized industrial activity. The center of…
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Tether to Launch GEL₮ Stablecoin Pegged to Georgian Lari in Collaboration with Government of Georgia
In a significant move for the intersection of sovereign finance and blockchain technology, Tether, the world’s largest stablecoin issuer, has officially announced its plans to launch GEL₮, a digital asset pegged to the Georgian Lari. This initiative is being undertaken in direct partnership with the Government of Georgia, representing one of the first instances globally…
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Tether and the Government of Georgia Establish Landmark Partnership to Launch GELT Stablecoin within a Bespoke National Regulatory Framework
In a move that signals a significant shift in the intersection of sovereign monetary policy and private blockchain technology, Tether, the issuer of the world’s most widely used stablecoin, has entered into a strategic alliance with the Government of Georgia to launch a new digital asset pegged to the Georgian Lari. The token, officially designated…
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Tether and Georgia Forge Path for National Stablecoin, Elevating Nation as a Crypto Hub
Tether, the world’s leading stablecoin issuer, announced on Monday a groundbreaking initiative to launch GELT, a stablecoin pegged to the Georgian lari, with the explicit backing of the Georgian government. This strategic partnership underscores Georgia’s aggressive and calculated push to solidify its position as a burgeoning crypto hub, distinguished by a regulatory framework designed for…
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Unbilled Consumption and Environmental Strain: The Escalating Tension Between Georgia Data Center Expansion and Local Resource Management
The revelation that Quality Technology Services (QTS), one of the most prominent data center operators in the United States, consumed nearly 30 million gallons of water over a 15-month period without initial billing has ignited a firestorm of controversy in Douglas County, Georgia. The discrepancy, which occurred between January 2025 and April 2026, came to…
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