Gate News: On March 12, the Central Bank of Georgia announced new regulations allowing licensed companies registered in Georgia to issue stablecoins pegged to the national currency, provided they are fully backed by reserve assets. According to the rules, users can redeem stablecoins at face value at any time. Issuers must meet capital requirements and undergo strict audits. Issuance institutions are required to register with the central bank and obtain written approval, with regulatory capital of at least 500,000 Lari (approximately $183,000). When reserves exceed 15 million Lari (about $5.5 million), quarterly audits must be conducted by the “Big Four” accounting firms. For redemption requests, amounts up to 300,000 Lari must be fulfilled within three business days, while larger amounts should be completed within five business days. The new regulations cover stablecoins pegged to the Georgian Lari, foreign currencies, or other assets, with a reserve coverage ratio of 100%, and reserves must be clearly separated from the issuer’s own assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
