Delaware Proposes Stablecoin Regulation Bill: 1:1 Reserve + Licensing Mechanism, Competing for Issuance Hub Status
Delaware state legislators proposed the Delaware Payment Stablecoin Act (SB19), aimed at establishing a state-level regulatory framework for stablecoin issuance, requiring issuing institutions to obtain licenses, maintain 1:1 reserves, and regularly disclose information. The bill coordinates with federal regulation, positioning stablecoins as payment tools, attracting digital asset projects to settle in the state, potentially making Delaware an important registration jurisdiction.