Tether in Georgia

In a notable development in 2023, Tether officially entered Georgia, forming a strategic partnership with the Georgian government. The collaboration, initiated in June 2023, involved signing an MOU to develop blockchain and peer-to-peer infrastructure. The goal is to position Georgia as a central hub for these transformative technologies.

Tether’s entry into the Georgian market swiftly demonstrated its value through various impactful initiatives:

Blockchain Education Course: In partnership with the local Business and Technology University, Tether announced the launch of a blockchain education course. This initiative provided dozens of Georgian students with the opportunity to delve into the industry’s insights, learn from industry leaders, and benefit from top-notch lectures.

Investment in the Academy of Digital Industries: Tether made a strategic investment in the Academy of Digital Industries, a progressive education platform based in Georgia. This platform offers an extensive array of digital training programs and masterclasses, aligning with Tether’s commitment to fostering digital literacy and skills development.

Partnership with CityPay.io: Expanding its footprint in Georgia, Tether made a noteworthy investment in CityPay.io. Recognized as a leading Crypto payment processing company, CityPay.io operates in over 600 locations across the country, including shops, hotels, and restaurants. This strategic investment reinforces Tether’s commitment to supporting key players in the Georgian financial ecosystem.

The presence of crypto industry giants is set to catalyze the popularization of cryptocurrencies among the public, fostering increased adoption. Examples such as the Crypto Education course and the strategic investment in CityPay.io underscore the positive impact these players are having on the crypto landscape.

This development is particularly noteworthy following the introduction of new regulations that led some major exchanges, including Binance with ambitious plans, to exit the market. Currently, the only global centralized exchange (CEX) in the market is WhiteBIT, while other participants are smaller local exchanges. All these happening, while Georgia continues to stand out as one of the most crypto-friendly countries.