Sunday, 19 January 2025
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BlockchainCrypto

A Cryptocurrency Company will Assist Georgia

The largest stablecoin issuer in the world, Tether, will help Georgia build its blockchain infrastructure thanks to an agreement reached with the Ministry of Economy.

To portray Georgia as a desirable ecosystem for technology entrepreneurs, the company will establish a dedicated fund for regional startups.

Assist Georgia

Following the signing of a memorandum of agreement on Wednesday between Tether and the nation’s Ministry of Economy, the stablecoin, a sort of cryptocurrency, will assist Georgia expand its blockchain infrastructure.

Tether was reportedly interested in investing in Georgia, according to deputy minister Irakli Nadareishvili.

  • Tether and Georgian Ministry of Economy sign memorandum for stablecoin support.
  • Tether reportedly considering Georgia investment, according to the deputy minister.
  • Company to create a regional fund for blockchain technology development.

To accomplish this, the company will establish a special fund for regional entrepreneurs, which will aid in the development of blockchain technology and promote Georgia as a nation with a favorable startup ecosystem, according to him.

According to Nadareishvili, the Ministry and the business also decided to work together in the “educational area”.

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