“Tether’s entry into Georgia is a most significant message to the international investment community; it demonstrates that investor confidence in our country is steadily growing, and that Georgia is a trustworthy and reliable partner for international companies,” Georgian Prime Minister Irakli Kobakhidze stated in his address at the presentation of Tether’s investment project.

As the Head of Government noted, the company plans to make investments on a very considerable scale across a range of sectors, and this extends well beyond purely commercial interests. He added that the partnership is oriented towards broad public benefit.

“I am delighted to take part today in the opening of this very important event. I wish to state clearly that, in embarking on this cooperation with Tether, we are taking a new, highly significant and most exciting step along the path of our economic development.

Tether is a global technology leader managing assets of around 200 billion dollars and overseeing gold reserves. Today, it serves as a powerful bridge between traditional and digital economies. We are pleased that Tether is now becoming an integral part of our economic ecosystem.

The most ambitious expression of this partnership is the company’s plan to issue a digital equivalent of the Georgian Lari — GELt. We are equally pleased to hear about the company’s plans to make substantial investments across various sectors. We are especially encouraged by the focus on social and educational initiatives, which demonstrates that this partnership goes far beyond mere commercial interests. It is clearly aimed at delivering broad public benefits.

Tether’s entry into Georgia sends a most powerful message to the international investment community. This fact demonstrates that investor confidence in our country is steadily growing. Georgia is a trustworthy and reliable partner for international companies,” the Prime Minister stated.