Delaware’s Senate approved the Delaware Payment Stablecoins Act by a 20-1 vote, advancing a state-level framework for payment stablecoin issuers. The bill requires issuers to maintain 1:1 reserve backing, provide monthly attestations, and comply with anti-money laundering compliance (rules to prevent illicit finance). The measure is described as aligned with the federal GENIUS Act, indicating an effort to match emerging U.S. standards for stablecoin oversight. The legislation adds to the broader push to formalize rules for dollar-pegged digital tokens used for payments.