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Tether to launch 'official' stablecoin in Georgia, with government support

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Tether, the world's biggest stablecoin issuer, plans to launch a crypto token representing the Georgian lari with the support of Georgia's government, the company said on Monday, in the latest sign of the country's pro-crypto approach.Tether's new token is unusual in being launched by a private company in partnership with a government, ?although Tether did ?not detail ?the nature of the partnership, or whether what it called the "official" stablecoin amounted to a central bank digital currency.Georgia's Prime Minister Irakli Kobakhidze, head of the central bank, Natia Turnava, and a member of parliament, Vakhtang Turnava, were quoted in Tether's statement…

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