The Georgian authorities attracted Tether to create a national blockchain infrastructure – Bits Media

Strategic cooperation between the issuer of the USDT stablecoin and the Georgian government should focus on creating a national ecosystem, bitcoins or single -rating networks.

Speaking with a joint statement, Tether company, Standing behind the largest capitalcolate by USDT, and the Government of Georgia announced, that the main goal of partnership is to turn the country into a global blockchain-hab.

At the initial stage, the activities of partners will be focused on the development of the startup ecosystem of Georgia and the creation of the environment, contributing to the creation of decentralized solutions, implementation of digital communication systems and payments based on single -rating technologies, as well as the implementation and development of national peering technologies.

Within the framework of its obligations, Tether and the Georgian government will form a special support fund for local entrepreneurs, providing investments and grants to startups, focused on blockchain services.

According to project participants, The creation of favorable conditions for the development of single -rating networks will attract new investments to the country and will contribute to general economic progress.

Earlier, Tether reported
On the expansion of their presence in the Georgian market thanks to investment in the operator of payments processing Citypay.io.