Silk DeFi
Stablecoin
Georgia and Tether Launch GEL₮: Private Issuer, State Framework
Tether issues GEL₮, pegged to the lari, under a National Bank of Georgia framework. The state holds the framework; Tether holds issuance.
USDKG: What I See in Central Asia's First Sovereign Stablecoin
Kyrgyzstan has launched USDKG, a gold-backed sovereign stablecoin. I read the construction: where it works, where this kind of model historically breaks, and what to watch next.