The strategic partnership between Georgia and Tether, the world’s largest blockchain platform, is being expanded. Tbilisi Mayor Kakha Kaladze attended the event marking the transition to a new phase of cooperation, alongside Prime Minister Irakli Kobakhidze, Minister of Economy and Sustainable Development Mariam Kvrivishvili, and National Bank President Natia Turnava.

The principal aim of today’s meeting is to advance the country’s digital transformation and to discuss the innovative projects that will lay the groundwork for establishing Georgia as a regional technology hub.

According to Tbilisi City Hall, the Mayor of Tbilisi addressed those present at the event, highlighting that the Georgian government has been actively supporting the development of the business sector in recent years. He noted that foreign investment has been increasing and that the country is experiencing economic growth.

“I am delighted that Tbilisi is today hosting an event at which we are discussing the transition to a new phase of cooperation with Tether, the world’s leading company and a symbol of the digital economy. Through its strategic partnership with Tether, Georgia is making crucial strides towards the technological advancement of its financial market and the adoption of modern technologies. It gives me great pleasure, both as Mayor of the city and as someone who lives in this country, to see such a major company entering Georgia. This achievement is the result of coordinated efforts and reforms undertaken by the Georgian government, the National Bank of Georgia, and Parliament. It is recognition of Georgia as a trustworthy partner and a safe country. Most importantly, it is the path of Georgia’s irreversible economic development,” Kakha Kaladze declared.

The Mayor extended his best wishes to Tether’s representatives and expressed readiness for future cooperation with various foreign companies.

“I wish Tether every success. We know they have ambitious plans for Georgia. We, for our part, once again reaffirm our commitment and readiness to cooperate and offer support. We are prepared to facilitate investments of this kind in the country,” the Mayor of Tbilisi stated.

The event will include a review of Tether’s activities and the significant role the company has played in the global financial ecosystem since its founding in 2014. In addition, company representatives will present attendees with Tether’s global vision and plans, including initiatives directly related to Georgia and the potential for further cooperation.

The event is attended by Giancarlo Devasini, founder of Tether; Paolo Ardoino, the company’s Chief Executive Officer; members of the Georgian government and Parliament; and representatives from both the public and private sectors.