Florida H0175 establishes requirements for recognized payment stablecoin issuers, ensuring they maintain reserves and redeem stablecoins at par value.

Florida H0175 amends state law to define and regulate recognized payment stablecoin issuers. These issuers must maintain reserves in specified assets equal to or greater than their outstanding stablecoins, redeem stablecoins at par value, prohibit encumbrance of reserve assets, and publicly disclose reserve composition and value monthly. Recognized issuers are exempt from certain licensing requirements. The Office of Financial Regulation has jurisdiction over compliance and enforcement. The act aligns with federal law, including the GENIUS Act of 2025, and takes effect July 1, 2026.

Florida H0175 establishes requirements for recognized payment stablecoin issuers, ensuring they maintain reserves and redeem stablecoins at par value.

Florida H0175 amends state law to define and regulate recognized payment stablecoin issuers. These issuers must maintain reserves in specified assets equal to or greater than their outstanding stablecoins, redeem stablecoins at par value, prohibit encumbrance of reserve assets, and publicly disclose reserve composition and value monthly. Recognized issuers are exempt from certain licensing requirements. The Office of Financial Regulation has jurisdiction over compliance and enforcement. The act aligns with federal law, including the GENIUS Act of 2025, and takes effect July 1, 2026.