Georgia is cracking down on illegal crypto mining after a power surge in Mestia after officials said hidden rigs have pushed electricity use far beyond normal levels, overloaded the grid, and left local residents and businesses dealing with outages. Mestia electricity meters will be installed to spot hidden mining 133 million kWh used in Mestia […]
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Tether has launched GELT, a new Georgian stablecoin tied to the country’s financial and government ecosystem, adding another state-linked experiment to the growing stablecoin market. GELT launches as a stablecoin connected to Georgia’s government-backed financial infrastructure Tether expands beyond USDT with another push into real-world payments and settlement Stablecoins remain useful for trading, remittances, and […]
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Georgia is doubling down on crypto, and Tether is helping push that bet with a government-backed GEL stablecoin designed to put the Georgian lari on-chain. It’s a small-country move with bigger implications: stablecoins are no longer just trading chips for degens and market makers — they’re becoming real payment infrastructure. Georgia reiterates its crypto-friendly stance […]
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Tether is joining forces with Georgia to launch GELT, a stablecoin pegged to the Georgian Lari, in a move that could put the country’s national currency on blockchain rails and give its fintech ambitions a serious boost. GELT will be pegged to the Georgian Lari (GEL) Tether and the Georgian government are working together Georgia […]
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BTC Miners Storm Georgia: Cheap Power and Loose Rules Spark a Crypto Goldmine How does a small nation in the Caucasus turn into a Bitcoin mining juggernaut overnight? Georgia, with its bargain-basement electricity rates and a government practically begging crypto businesses to set up shop, has become the latest hotspot for miners chasing profits after […]
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Georgia’s Bold Leap: Second Bitcoin Reserve Bill Introduced Without Investment Limits – Georgia introduces second Bitcoin reserve bill, SB 228, with no cap on investments. – SB 228 differs from SB 178, which allowed only 5% of state assets into Bitcoin. – 21 U.S. states are considering similar legislation, with Utah predicted to lead. Georgia […]
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