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Georgia Announced the Release of a National Stylcoin Tied to a Lari
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In Georgia, a national digital asset has been announced: the Republic will create a stylcoin called GELt in partnership with Tether. As the Prime Minister of Georgia, Irakli Kobahidze, stated, the new coin will be tied to the Georgian lari. It is planned that the digital currency will be used primarily for international remittances. In March, the Central Bank of Georgia approved the rules for the release of GELt. They were developed in the same …
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