Tether announces cooperation with the Georgian government to launch a 1:1 pegged Georgian Lari GEL₮, endorsed by the government and central bank

The truly important part of this is only one thing: for the first time, the state took the initiative to come to the table, not Tether running around regulatory hurdles
Once this model is successful, the cost of replication is extremely low. Today Georgia, tomorrow more emerging market countries. Tether is not selling a stablecoin; it’s building on-chain infrastructure for national fiat currencies
But I have a reservation: GEL₮ is pegged to a regional currency, with limited cross-border scenarios, and domestic use overlaps heavily with CBDCs. Tether has gained access to monetary infrastructure, but monetary sovereignty still remains with the state. Whether these two can coexist long-term is without historical precedent
What Tether is doing is redefining itself from a gray-area private entity into a provider of digital financial infrastructure. A successful narrative shift reduces regulatory pressure significantly
This isn’t about doing good; it’s about playing a long game
DYOR, not investment advice