"
Then paragraph: "GEL₮ will maintain a fixed value relative to the Georgian Lari, the country's official currency. Unlike volatile cryptocurrencies, this stablecoin ties its value directly to GEL. The government backing ensures the stablecoin's worth remains tied to Georgia's monetary system. Holders can expect one unit of GEL₮ to equal one Lari in value. The token uses the currency code GEL with a₮ symbol to denote its stablecoin status. This structure differs from purely private stablecoins lacking government endorsement. The stablecoin will operate as a digital representation of physical Lari notes and coins. Users can hold or transfer GEL₮ while maintaining value stability against Georgia's fiat currency."
Translate: "GEL₮ akan mengekalkan nilai tetap berbanding dengan Lari Georgia, mata wang rasmi negara itu. Tidak seperti mata wang kripto yang tidak menentu, stablecoin ini mengikat nilainya secara langsung kepada GEL. Sokongan kerajaan memastikan nilai stablecoin kekal terikat dengan sistem monetari Georgia. Pemegang boleh menjangkakan satu unit GEL₮ bernilai satu Lari. Token ini menggunakan kod mata wang GEL dengan simbol ₮ untuk menandakan status stablecoinnya. Struktur ini berbeza daripada stablecoin swasta semata-mata yang tidak mendapat sokongan kerajaan. Stablecoin ini akan beroperasi sebagai perwakilan digital bagi wang kertas dan syiling Lari fizikal. Pengguna boleh memegang atau memindahkan GEL₮ sambil mengekalkan kestabilan nilai terhadap mata wang fiat Georgia."
Note: "fiat currency" -> "mata wang fiat" is acceptable. "volatile cryptocurrencies" -> "mata wang kripto yang tidak menentu". "ties its value" -> "mengikat nilainya". "government backing" -> "sokongan kerajaan". "currency code" -> "kod mata wang". "stablecoin status" -> "status stablecoin". "purely private stablecoins" -> "stablecoin swasta semata-mata". "digital representation" -> "perwakilan digital".
Third section: "
Government Partnership Terms
" -> "
Syarat Perkongsian Kerajaan
"
Paragraph: "The Georgian government provides backing for the stablecoin through its partnership with Tether. This backing means the state will stand behind the stablecoin's value. The arrangement is a formal government-to-corporate collaboration for a national digital currency. Tether will handle the technical development and issuance of GEL₮ tokens. The government's backing applies specifically to this stablecoin initiative. No other parties or entities are involved in the backing mechanism. The partnership does not include third-party regulators or financial institutions. This direct approach keeps the operation between the state and Tether alone. The government will not issue physical currency through this program."
Translate: "Kerajaan Georgia memberikan sokongan untuk stablecoin melalui perkongsiannya dengan Tether. Sokongan ini bermaksud negara akan berdiri di belakang nilai stablecoin. Perjanjian ini adalah kerjasama formal antara kerajaan dan korporat untuk mata wang digital nasional. Tether akan mengendalikan pembangunan teknikal dan penerbitan token GEL₮. Sokongan kerajaan terpakai khusus untuk inisiatif stablecoin ini. Tiada pihak atau entiti lain yang terlibat dalam mekanisme sokongan. Perkongsian ini tidak termasuk pengawal selia pihak ketiga atau institusi kewangan. Pendekatan langsung ini mengekalkan operasi antara negara dan Tether sahaja. Kerajaan tidak akan mengeluarkan mata wang fizikal melalui program ini."
Note: "government-to-corporate collaboration" -> "kerjasama antara kerajaan dan korporat". "technical development and issuance" -> "pembangunan teknikal dan penerbitan". "backing mechanism" -> "mekanisme sokongan". "third-party regulators" -> "pengawal selia pihak ketiga". "direct approach" -> "pendekatan langsung".
Fourth section: "
Immediate Implementation Steps
" -> "
Langkah Pelaksanaan Segera
"
Paragraph: "The stablecoin launch is currently in its development phase. Technical specifications for GEL₮ transfers and storage are being finalized. The government and Tether must complete system testing before public release. Users will need digital wallets capable of handling the new token. No physical infrastructure changes are required for the stablecoin operation. The government is not issuing GEL₮ through banks or payment processors initially. Tether will manage the blockchain infrastructure for the token. The stablecoin will operate on a public blockchain network. Georgia's central bank will not directly oversee day-to-day transactions. The government will monitor value stability but won't set transaction parameters."
Translate: "Pelancaran stablecoin kini dalam fasa pembangunan. Spesifikasi teknikal untuk pemindahan dan penyimpanan GEL₮ sedang dimuktamadkan. Kerajaan dan Tether mesti melengkapkan ujian sistem sebelum dikeluarkan kepada umum. Pengguna memerlukan dompet digital yang mampu mengendalikan token baharu ini. Tiada perubahan infrastruktur fizikal diperlukan untuk operasi stablecoin. Kerajaan tidak mengeluarkan GEL₮ melalui bank atau pemproses pembayaran pada peringkat awal. Tether akan menguruskan infrastruktur blok rantai untuk token tersebut. Stablecoin akan beroperasi di rangkaian blok rantai awam. Bank pusat Georgia tidak akan mengawasi transaksi harian secara langsung. Kerajaan akan memantau kestabilan nilai tetapi tidak akan menetapkan parameter transaksi."
Note: "development phase" -> "fasa pembangunan". "technical specifications" -> "spesifikasi teknikal". "system testing" -> "ujian sistem". "digital wallets" -> "dompet digital". "blockchain infrastructure" -> "infrastruktur blok rantai" (or "rantaian blok" - but "blok rantai" is common in Malay tech context; could also use "blockchain" as loanword. Since requirement says use appropriate Malay terminology, "blok rantai" is acceptable. However, many Malay articles use "blockchain" directly. I'll use "blok rantai" for consistency but note that "blockchain" is widely understood. Alternatively, "rantaian blok". I'll use "blok rantai" as it's in Kamus Dewan? Actually "rantaian blok" is more common. Let's use "rantaian blok" for "blockchain". But the original says "blockchain infrastructure" and "public blockchain network". I'll translate as "infrastruktur rantaian blok" and "rangkaian rantaian blok awam". That's fine. "central bank" -> "bank pusat". "day-to-day transactions" -> "transaksi harian". "value stability" -> "kestabilan nilai". "transaction parameters" -> "parameter transaksi".
Fifth section:
