Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)
Approved by the Governor - Chapter 514
Summary
The bill adds Title 14, the Maryland Stablecoin Act, to the state code and creates a licensing system for non‑depository trust companies and credit‑union service organizations that want to issue stablecoins or provide payment‑stablecoin services. Applicants must obtain a certificate from the Commissioner of Financial Regulation, meet capital, disclosure and fee requirements, and are subject to ongoing oversight and penalties for misconduct. It also revises the examination fee for new commercial bank charters and sets capital rules for bank branches.
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