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Tether Aims to Help Georgia Launch National Stablecoin | PYMNTS.com

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Tether Aims to Help Georgia Launch National Stablecoin | PYMNTS.com

Stablecoin issuer Tether is working with the nation of Georgia to launch a national stablecoin.

The collaboration marks one of the first efforts to put a national currency, the Georgian Lari, onto digital asset rails governed by a purpose-built stablecoin regulatory framework, Tether said in its announcement Monday (May 25).

“Stablecoins are no longer a niche financial instrument. They are becoming part of the infrastructure layer for global finance,” said Paolo Ardoino, CEO of Tether. 

“Georgia has moved early to create serious regulatory architecture for digital assets and stablecoins, and that clarity creates the foundation for real innovation and adoption.”

According to Tether, the planned coin, known as GEL₮, will function as a digital representation of the Lari, and is designed to support cross-border commerce, digital payments, FinTech development and wider access to programmable financial infrastructure in Georgia and the broader region.

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Tether, issuer of the largest stablecoin, adds that the announcement builds on years of work by Georgia’s government and central bank to promote digital assets and create regulations that will attract related businesses.

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“Importantly, Georgia’s framework has been designed to achieve substantive compatibility with emerging U.S. stablecoin regulation, including the GENIUS Act,  positioning Georgia among the earliest countries seeking direct regulatory interoperability with the evolving U.S. digital asset framework,” the announcement added.

PYMNTS examined the changing regulatory landscape around digital assets last week, after the European Union said it was reexamining whether its Markets in Crypto-Assets Regulation (MiCA) policy framework is still “fit for purpose” two years after its passage.

“That wording matters,” PYMNTS wrote. “Regulators do not typically reopen flagship frameworks so quickly, unless they believe either that the market moved faster than expected, competitive dynamics have changed, geopolitical pressure is forcing adaptation, or some combination of the three.”

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The PYMNTS Intelligence and Citi report “Chain Reaction: Regulatory Clarity as the Catalyst for Blockchain Adoption” argues that blockchain’s next leap will be guided by regulation. MiCA initially gave Europe a substantial first-mover edge over other major markets. 

“But fast forward to 2026, and the U.S. has been working to close that gap, aided by the about-face in digital asset policy driven by the current U.S. administration,” PYMNTS wrote.

Given recent crypto-related moves by the Securities and Exchange Commission (SEC), the White House’s Council of Economic Advisers, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), “it appears that, at least by any historical measure, crypto’s relationship with regulators in the U.S. has matured from adversarial to iterative,” the report added.

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An Easy-to-Miss Radio Traffic Jam Is Behind Many Home WiFi Slowdowns

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An Easy-to-Miss Radio Traffic Jam Is Behind Many Home WiFi Slowdowns

Key Takeaways

Your WiFi can feel rock-solid at midnight and oddly sluggish by breakfast, even when you have not touched a single setting. The culprit is often outside your walls: a crowded slice of public radio spectrum where your router has to negotiate space with every nearby network, plus a grab bag of household gadgets that leak interference. Add peak-hours demand and the signal-blocking quirks of building materials and weather, and “slow internet” starts to look less like a billing issue and more like an invisible traffic problem you are forced to share.

When WiFi slows down without warning

One day your home WiFi feels snappy, the next it drags, even though your router hasn’t moved and your internet plan hasn’t changed. That swing is real, and it’s usually not your imagination or a “bad day” from your ISP. WiFi lives on shared airwaves, and those airwaves get crowded, noisy, and sometimes just plain finicky.

Think of your connection as a conversation in a busy room. Your laptop and router may be talking just fine, but the room itself can fill up fast with other chatter. What looks like a mystery slowdown is often the result of invisible competition and interference that changes hour by hour.

The battle of competing networks

Most homes still rely heavily on the 2.4 GHz and 5 GHz WiFi bands, which are unlicensed spectrum in the US. That “free for everyone” reality is convenient, but it also means your network shares space with your neighbors, their smart TVs, their work laptops, and every nearby router doing the same thing.

Congestion has a rhythm. During common work-from-home and school-from-home windows, especially 8-10 AM, and again in the evening 6-10 PM, more devices are streaming, video calling, syncing, and downloading updates. Even if you pay for fast broadband, your WiFi link can become the bottleneck when the local radio environment gets packed.

Interference inside your home

Your own house can sabotage you. A microwave is the classic culprit because it can leak noise near 2.4 GHz, exactly where many WiFi networks still operate. Older cordless phones, some baby monitors, and even dense clusters of Bluetooth gadgets can add more clutter, especially in smaller apartments where everything sits close together.

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Then there’s physics. Concrete, metal, and even water (think aquariums or thick pipes in walls) absorb and scatter radio signals. A router shoved behind a TV, tucked into a cabinet, or stuck in a far corner forces your devices to “hear” through more obstacles, lowering speeds and making dropouts more likely.

Weather, channels, and what you can do tonight

Environmental changes can matter too. Higher humidity and rain can slightly increase signal loss, and shifting temperatures can change how radio waves propagate around a neighborhood. You might never notice on its own, but paired with congestion it can tip a marginal connection into a frustrating one.

The 2.4 GHz band is also channel-limited. In the US there are 11 channels, but only 1, 6, and 11 don’t overlap. Many routers default to “auto channel,” so nearby networks can hop around trying to escape interference, sometimes creating instability. Practical fixes: prefer 5 GHz (or 6 GHz if you have WiFi 6E/7 gear), place the router centrally and higher up, and use a WiFi analyzer app to pick a less crowded channel instead of leaving it on auto.

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U.K.’s sanctions on cryptocurrency exchanges signal new focus on illicit digital financing – Compliance Week

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U.K.’s sanctions on cryptocurrency exchanges signal new focus on illicit digital financing – Compliance Week

Cryptocurrency exchanges believed to be financing Russia’s war in Ukraine have been sanctioned by the U.K. government in the first attempt to prevent evasion via “dark networks.” The move indicates a new focus on digital sanctions evasion, and compliance teams should expect these rules to develop further, potentially in the EU and other jurisdictions.


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Ruth Prickett graduated from Cambridge University with a BA hons in History and has specialized in business and finance journalism for the past 20 years. She was editor of Financial Management, the magazine…
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Trader Turns $2 Million of ETH Into $14,208 as Lighter Token Rallies 53%

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Trader Turns  Million of ETH Into ,208 as Lighter Token Rallies 53%

Key Takeaways

Paying 140 Times the Market Price

The transaction was flagged yesterday and the math behind it was brutal. At $2.01 million for 5,776 tokens, the trader paid an effective price of roughly $348 per LIT, about 140 times the token’s market price of $2.46 at the time of the trade. Had the same 1,126.44 ETH, implying an ether price near $1,784, been routed through a deep venue at market rates, it would have bought roughly 817,000 LIT. The wallet received 5,776.

Onchain data showing 1,126.44 ETH ($2.01M) being swapped for only 5,776 LIT ($14,208), resulting in a $2M loss.

Losses of this scale typically occur when a large market order is routed through an onchain liquidity pool with minimal depth and no slippage protection. Slippage refers to the gap between a trade’s expected price and its executed price; most decentralized exchange ( DEX) interfaces let users cap it, automatically canceling any order that would move the market beyond a set percentage. Whether the trader disabled that protection or used a custom route remains unclear.

The setup was especially dangerous because LIT’s float is unusually tight, given roughly 57% of the circulating supply is staked and another 145 million LIT sits locked in liquidity programs (while the token’s deepest markets sit on centralized exchanges and on Lighter’s own platform rather than in public pools).

In those conditions, a $2 million market order can exhaust a pool’s inventory within a single block, with arbitrage and maximal extractable value (MEV) bots capturing the difference almost instantly.

Why LIT Is Red-Hot

Lighter is an Ethereum-based decentralized exchange focused on perpetual futures, the derivatives category that turned rival Hyperliquid into one of crypto’s defining stories. The project describes itself as “the first exchange to offer verifiable order matching and liquidations while delivering best-in-class performance on par with traditional exchanges.”

LIT traded near $2.60 at the time of writing, up 22.5% in 24 hours and 53.3% on the week, making it the second most-searched coin on Coingecko. The token commands a $675 million market capitalization on 250 million circulating tokens, with $533.6 million in total value locked (TVL) on the platform and $116.76 million in daily trading volume.

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Trader Turns $2 Million of ETH Into $14,208 as Lighter Token Rallies 53%
Coingecko’s most trending coins as of July 7

Even after the rally, LIT sits 65.7% below its all-time high of $7.86 set Dec. 30, 2025 and roughly 245% above the $0.78 low it printed on March 31.

The surge follows a July 1 tokenomics overhaul in which Lighter said all LIT repurchased with protocol fees will be permanently burned. The first burn destroyed 15.5 million LIT, about 6.3% of the circulating supply, on July 2, and the team set a 6% staking yield target, with the platform directing more than 70% of its daily revenue to the buybacks.

Retail access is widening at the same time. Robinhood Wallet integrated Lighter’s perpetual futures last week, a catalyst that pushed LIT up 24% in a single day, while public praise from Ethereum co-founder Vitalik Buterin added further momentum.

Thin Markets Keep Claiming Victims

Sunday’s botched swap is not the first fortune lost on Lighter’s order books this year. In February, a whale lost $8.2 million attempting to squeeze the platform’s illiquid ARC perpetuals market, with about $2 million of the position liquidated directly on the order book.

Skeptics also note that only a quarter of LIT’s 1 billion total supply is in circulation, leaving a $2.7 billion fully diluted valuation and a long unlock runway once emissions resume. Whether the trader recovers anything is doubtful. MEV operators have occasionally returned funds captured in extreme slippage events, but such refunds are voluntary and rare.

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