[Georgia Now Allows Companies to Issue Stablecoins Backed by Reserve Assets] According to Cryptopolitan, the Central Bank of Georgia has passed new regulations allowing companies registered and licensed in Georgia to issue stablecoins pegged to fiat currencies, provided they are fully backed by reserve assets. Users can redeem stablecoins at face value at any time, and issuers must meet capital requirements and undergo strict audits. Under the regulations, issuing institutions must register with the central bank and obtain written approval. The minimum regulatory capital is set at 500,000 GEL (approximately $183,000), and if reserve assets exceed 15 million GEL (approximately $5.5 million), quarterly audits must be conducted by one of the "Big Four" accounting firms. Redemption requests of up to 300,000 GEL must be completed within three business days, while larger amounts must be processed within five business days. The new regulations cover stablecoins pegged to the Georgian Lari, foreign currencies, or other assets, with a reserve coverage ratio of 100%. Additionally, reserve assets must be clearly separated from the issuer's own assets.