Florida's payment stablecoin regulatory framework takes effect on Oct. 1, 2026, under Chapter 2026-176, requiring covered issuers to obtain an Office of Financial Regulation money-services-business license or, for trust companies, a certificate of approval unless an exemption applies. The law defines payment stablecoins as digital assets intended to maintain stable value relative to a reference asset and used or intended for payments. Issuers must maintain identifiable reserves equal to outstanding tokens, publish redemption policies, disclose reserve composition monthly and meet accounting and executive-certification requirements. Covered issuers must also annually certify their anti-money-laundering and economic-sanctions compliance programs to the OFR. The framework provides exemptions for federally qualified payment stablecoin issuers and certain out-of-state entities with equivalent state qualification. An issuer reaching $10 billion in consolidated total issuance faces a transition to federal oversight, subject to the statute's federal exemption or waiver provisions and requirements governing continued issuance. CS/CS/HB 175 passed the Florida House 102-2 and Senate 37-0, was signed by Governor Ron DeSantis on June 26, 2026, and was recorded as Chapter 2026-176 on June 29.