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The Central Bank of Georgia has established regulations for the issuance of stablecoins., 2026/03/11 15:54:47
The National Bank of Georgia has established regulations governing the issuance and circulation of tokens backed by the Georgian lari, foreign currencies, or other assets.
Unlike standard cryptocurrencies, whose prices fluctuate based on market demand and supply, the value of stablecoins is required to remain stable, as stated in the central bank’s regulations. According to these rules, issuers must ensure that the stablecoins they issue are fully backed by reserves, and the company’s own funds must be kept separate from client assets.
Companies intending to launch stablecoins must register with the central bank as cryptocurrency service providers and obtain prior written approval from the regulator. Organizations that are already issuing stablecoins may continue their operations if they submit complete documentation regarding their projects within six months following the enactment of the central bank’s decree.
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Stablecoin issuers are required to maintain a minimum capital of 500,000 lari (approximately $183,000), ensuring solvency to cover potential losses. The required capital must increase in line with the assets held in reserve, up to a maximum of 50 million lari (around $18 million). If reserves exceed 15 million lari ($5.5 million), the token issuer must establish a supervisory board and engage one of the major global consulting firms from the “Big Four” — Deloitte, PwC, EY, or KPMG — for auditing purposes. Audits of the reserves must be conducted quarterly, and the issuer is expected to publish the audit results on their website.
Owners of stablecoins must have the ability to redeem the stablecoins issued in Georgia at face value at any time. Exchange requests for amounts not exceeding 300,000 lari ($110,000) must be fulfilled within three business days, while larger amounts must be processed within five days.
In 2023, the National Bank of Georgia announced its plans to launch its own central bank digital currency (CBDC), selecting the American company Ripple as its technology partner.
