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GELT (Tether GEL) is Tether’s new Georgian regulated stablecoin, pegged 1:1 to the Georgian Lari. Designed to comply with Georgian financial regulations, GELT provides a transparent, secure, and fully backed digital dollar for both individuals and institutions.
With Oobit, you can use GELT to pay anywhere Visa is accepted or convert it instantly into local currency.
GELT is a fiat-backed stablecoin issued by Tether, fully supported by U.S. Dollar reserves held in regulated U.S. institutions. Each token equals one dollar, ensuring price stability and easy redemption.
GELT expands Tether’s global family of stablecoins, offering a compliant and transparent option for users in the United States and abroad.
Learn more at tether.io.
GELT brings Tether’s reliability to a fully regulated Georgian environment. It combines Tether’s proven reserve management with stricter compliance oversight, making it one of the most transparent and trustworthy stablecoins available.
This launch reinforces Tether’s goal of connecting traditional finance with blockchain technology, providing digital dollars that are fast, secure, and usable anywhere
Each GELT token is backed 1:1 by Georigan Lari and cash equivalents held by regulated custodians. Users can mint or redeem through authorized partners or directly on supported exchanges.
GELT transactions are available on multiple networks, including Ethereum and Tron, with future support for additional chains to enable faster and cheaper transfers.
GELT operates under Georgian regulatory supervision, but users should be aware of possible policy updates or liquidity differences between exchanges. As with all stablecoins, network fees and exchange policies may affect transfer costs or redemption speed.
Tether provides regular attestation reports to ensure full transparency and continued trust.
Coming soon on CoinMarketCap
Tether
With Oobit, you get a GELT debit card that turns your stablecoins into spendable digital money. You can tap and pay in stores wherever Visa is accepted, and shop online online at millions of stores.