A new bill in Delaware, USA, proposes to include stablecoins within the framework of banking regulation.

CoinFeed reported on March 24th, citing Cointelegraph, that two Delaware lawmakers have introduced the "Delaware Payments Stablecoin Act," which proposes establishing a licensing framework for stablecoin issuers and digital asset service providers. The bill adopts the definitions from the U.S. federal Stablecoin Act, covering reserve shortage remedies, mandatory redemption timelines, capital standards, and anti-money laundering obligations. If approved, the state banking commissioner will develop implementing rules within a specified timeframe. The concurrently submitted "Delaware Banking Modernization Act" aims to update the state banking law, which has not undergone major revisions since 1981, providing a definition for digital assets to clarify the regulatory framework. The Governor of Delaware stated that the legislation aims to lower the barriers to entry for financial services, allowing residents to send, receive, and store funds simply through an internet connection.