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Tether Expands Its Presence in Georgia With Investment in CityPay.io

May 31, 2023 - Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced today its increased presence in Georgia with an investment in CityPay.io, a leading payment processing company active in over 600 locations across the country including shops, hotels, restaurants and more.  

Georgia is currently seeing rapid growth and interest in cryptocurrency, including increased demand for crypto payment options. It is one of the most crypto-friendly countries in the world, with 2.89% of Georgians owning some form of cryptocurrency. Crypto ATMs are easily accessible to users in most cities, with a total of 130 ATMs situated across the country. In July 2022, a study by Forex Suggest ranked Georgia fourth, on a list of the most crypto-ready nations in the world. 

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