This bill creates a pilot program for Florida’s Department of Financial Services to accept certain stablecoins—digital currencies fully backed by real assets and with no extra fees—for government payments like licensing fees. Participation is optional, and refunds can also be issued in stablecoins if requested. The state may hold or issue its own stablecoin, with any profits benefiting taxpayers. The department will audit issuers, can convert stablecoins to dollars, and must report yearly on costs and security. Central bank digital currencies are excluded, and no one is required to use stablecoins or change existing payment methods.
