Shota Lomtadze: Development of Stablecoin Offering Framework by National Bank Marks Significant Progress for the Industry

The new regulation developed by the National Bank of Georgia (NBG) regarding the primary offering of stable virtual assets (stablecoins) creates an important legal framework for the development of the crypto industry, said Shota Lomtadze, CEO of Bybit Georgia.

According to him, the regulation developed by the NBG establishes clear and predictable rules for market participants, which is particularly important for international companies. “The legal framework that has been established is very interesting and increases the interest of crypto and digital asset providers in Georgia.

Companies clearly understand the rules under which they must operate. Clearly defined regulation significantly strengthens the factor of trust,” Lomtadze said. He also noted that stablecoins are important financial instruments that serve as a bridge between digital assets and the traditional financial system.

“A stablecoin is a bridge between digital assets and the traditional financial system. Its existence is important because it creates an additional instrument of trust and allows users to use digital assets more securely,” he added. The National Bank of Georgia developed the regulation related to the primary offering of stable virtual assets in March 2026. The aim of the regulation is to establish a secure and transparent ecosystem, protect consumer rights, and improve risk management in the sector.