Delaware Introduces Regulatory Framework for Stablecoin Issuers
- Delaware lawmakers introduced the Delaware Payment Stablecoins Act to regulate stablecoin issuers.
- The bill aligns with the federal GENIUS Act, passed in July 2025, allowing state-regulated issuers under similar regimes.
- It requires stablecoin issuers to maintain reserves on a one-to-one basis using cash, bank deposits, and short-term U.S. Treasurys.
- Issuers must obtain state licenses and adhere to reserve, redemption, and reporting rules.
- Dollar-pegged stablecoins currently account for approximately $305 billion globally, with projections reaching over $2 trillion by the end of 2028.
The proposed legislation positions Delaware as a competitive jurisdiction for stablecoin issuers seeking state-level oversight in alignment with federal standards. This move could enhance Delaware’s role as a hub for corporate and financial law.
By establishing a regulatory framework consistent with federal guidelines, Delaware aims to attract digital asset firms while ensuring consumer protection through stringent reserve requirements and licensing processes.
