Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country.
CityPay.io provides payment services to a wide range of customers, including major names like Wendy’s and Radisson Hotels, among numerous others. With its strategic investment in CityPay.io, Tether intends to enhance the payment industry in Georgia by improving efficiency and convenience.