Establishes requirements for recognized payment stablecoin issuers in Florida.

The bill amends Florida Statutes to define "payment stablecoin" and establish criteria for recognized payment stablecoin issuers. These issuers must maintain reserves in U.S. currency or equivalent assets, redeem stablecoins at par value, prohibit asset encumbrance, and disclose reserve details monthly. Recognized issuers are exempt from separate licenses or registrations for issuing or redeeming stablecoins. Violators face disciplinary actions. The Office of Financial Regulation has jurisdiction over compliance and enforcement.

Establishes requirements for recognized payment stablecoin issuers in Florida.

The bill amends Florida Statutes to define "payment stablecoin" and establish criteria for recognized payment stablecoin issuers. These issuers must maintain reserves in U.S. currency or equivalent assets, redeem stablecoins at par value, prohibit asset encumbrance, and disclose reserve details monthly. Recognized issuers are exempt from separate licenses or registrations for issuing or redeeming stablecoins. Violators face disciplinary actions. The Office of Financial Regulation has jurisdiction over compliance and enforcement.