Maryland Stablecoin Act establishes regulatory framework for entities to issue and provide payment stablecoin services.

The Maryland Stablecoin Act creates a regulatory framework for entities to serve as State issuers of stablecoin-related services or as payment stablecoin services institutions. The Act allows the Commissioner of Financial Regulation to issue certificates to nondepository trust companies and credit union service organizations to engage in these activities. It outlines application procedures, criteria for approval, and powers granted to certificate holders.

Maryland Stablecoin Act establishes regulatory framework for entities to issue and provide payment stablecoin services.

The Maryland Stablecoin Act creates a regulatory framework for entities to serve as State issuers of stablecoin-related services or as payment stablecoin services institutions. The Act allows the Commissioner of Financial Regulation to issue certificates to nondepository trust companies and credit union service organizations to engage in these activities. It outlines application procedures, criteria for approval, and powers granted to certificate holders.