Georgia to allow companies to issue stablecoins backed by reserve assets

The central bank of Georgia has authorized resident companies to issue fiat-pegged stablecoins that must be backed by assets in reserve. Users will be able to redeem the stablecoins at any time, while issuers will be subjected to strict auditing, including by global accounting firms. Georgia’s monetary authority legalizes stablecoins The National Bank of Georgia […] source: https://www.cryptopolitan.com/georgia-companies-to-issue-stablecoins/