Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)

Summary

The bill creates Title 14 of the Maryland Financial Institutions code to govern entities that issue or handle stablecoins for payments. It lowers the examination fee for a new commercial bank charter from $15,000 to $7,000 and sets disclosure and capital‑stock request rules for non‑depository trust companies that want to offer stablecoin services. The changes aim to clarify oversight and encourage fintech activity in the state.

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

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