Banking and finance; licensing of payment stablecoin issuers; provisions

Summary

The bill adds a new Georgia Payment Stablecoin Act that requires any company issuing a payment stablecoin to obtain a state license, hold reserve assets, and follow disclosure and examination rules. It limits who can use the words “stablecoin” in signage or advertising and gives the Department of Banking and Finance authority to enforce the regime. The goal is to bring state regulation in line with the federal GENIUS Act and protect consumers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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