On-chain national fiat currency + mutual recognition of regulatory frameworks, this is what a stablecoin should look like

CoinWorld reports that Tether has partnered with the Georgian government to launch a stablecoin pegged to the Georgian Lari (GEL), marking the first time a national currency has been directly integrated into the digital asset infrastructure under a dedicated regulatory framework. GEL aims to reduce transaction costs, enable near-instant settlement, and support programmable payments. The Georgian framework is compatible with the U.S. Genius Act and is an early example of seeking regulatory interoperability. Tether states that stablecoins are becoming part of the global financial infrastructure, with Georgian regulation laying the groundwork for innovation. The Prime Minister described this move as establishing a foundation for the digital financial world.