Florida2026Active
SB1568
Florida Stablecoin Pilot Program
Last scannedAug 24, 2026, 10:35 AM
In one sentence
This law creates a voluntary program allowing Florida's Department of Financial Services to accept, hold, and issue specific types of digital currency for government fees.
What it does
- Creates the Florida Stablecoin Pilot Program within the Department of Financial Services.
- Allows the department to accept payment stablecoins as a form of payment for authorized state fees.
- Permits the department to hold and issue refunds in digital currency if participants choose this option.
- Sets strict rules that accepted digital currencies must be fully backed by U.S. dollars or short-term government debt on a one-to-one basis.
- Requires the department to check, audit, and investigate companies that create these approved digital currencies.
Who it affects
- The Florida Department of Financial Services
- Companies authorized to issue payment stablecoins in the United States
- State agencies or individuals who pay fees to the department
Limits and unknowns
- Only digital currencies with at least $1 billion in market value over the last year can be used.
- Participants must choose voluntarily to pay fees using this program; it is not required for everyone.
- The law does not specify which exact stablecoins will be approved until the department designates them.
Plain language
Terms to know
- Payment Stablecoin
- A digital asset designed for payments that is backed by real money and can be exchanged one-for-one with U.S. dollars.
- Blockchain
- A secure, shared digital record of transactions that cannot be changed after it is written.
- Compatible Digital Wallet Address
- The specific location in a software app where private keys are stored to send or receive payment stablecoins.
Official record
Sources
Official summary
Use of Digital Currency by the Department of Financial Services
Official activity
Bill history
- Chapter No. 2026-175