Alabama HB544 allows governmental entities to use stablecoins for payments to vendors and contractors.

Alabama HB544 authorizes governmental entities to pay vendors and contractors using payment stablecoins, provided they are approved by the Alabama Securities Commission. The commission can recognize stablecoins issued by U.S.-based entities with U.S. citizen founders and shareholders, fully backed by U.S. dollars or Treasury cryptocurrency. The bill mandates disclosures about redemption rights, reserve backing, and risks when stablecoins are used for payments. The act becomes effective on October 1, 2026.

Alabama HB544 allows governmental entities to use stablecoins for payments to vendors and contractors.

Alabama HB544 authorizes governmental entities to pay vendors and contractors using payment stablecoins, provided they are approved by the Alabama Securities Commission. The commission can recognize stablecoins issued by U.S.-based entities with U.S. citizen founders and shareholders, fully backed by U.S. dollars or Treasury cryptocurrency. The bill mandates disclosures about redemption rights, reserve backing, and risks when stablecoins are used for payments. The act becomes effective on October 1, 2026.