Georgia now allows companies to issue stablecoins backed by reserve assets

TechubNews · 2026-03-12T02:54:11+00:00

The National Bank of Georgia's new regulation allows registered companies to issue stablecoins pegged to the national currency, fully backed by reserve assets, and redeemable at face value. Issuers must register, meet capital requirements, and undergo audits. Redemption requests within 300,000 lari are processed within three days; requests exceeding that amount are completed within five days.

TechubNews

2026-03-12 02:54:11

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Techub News reports that the Central Bank of Georgia has enacted new regulations allowing licensed companies registered in Georgia to issue stablecoins pegged to fiat currency, provided they are fully backed by reserve assets. Users can redeem stablecoins at face value at any time. Issuers must meet capital requirements and undergo strict audits. According to the regulations, issuing institutions must register with the central bank and obtain written approval. The regulatory capital must be at least 500,000 Lari (approximately $183,000), and when reserve assets exceed 15 million Lari (about $5.5 million), quarterly audits must be conducted by the Big Four accounting firms. Redemption requests within 300,000 Lari must be fulfilled within three business days, while larger amounts require 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 assets must be clearly separated from the issuer’s own assets.

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