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ARTICLE · 25 MAY 2026

Georgia Enacts Payment Stablecoin Licensing Framework

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On May 11, Georgia enacted the Georgia Payment Stablecoin Act, creating a state regulatory framework for payment stablecoin issuers. The bill authorizes the Georgia Department of Banking and Finance...

United StatesFinance and Banking
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
Maxwell Earp-Thomas
Maxwell Earp-Thomas
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On May 11, Georgia enacted the Georgia Payment Stablecoin Act, creating a state regulatory framework for payment stablecoin issuers. The bill authorizes the Georgia Department of Banking and Finance to license and supervise certain entities issuing payment stablecoins and is intended to align Georgia law with the federal GENIUS Act.

The law establishes a comprehensive framework governing licensing, reserves, disclosures, examinations, and permissible activities for licensed payment stablecoin issuers. Specifically, the law:

  • Requires licensing and state supervision. Persons issuing payment stablecoins in Georgia generally must qualify as licensed or otherwise permitted issuers under the statute. Licensed issuers will be subject to annual examinations, renewal requirements, reporting obligations, and oversight by the Georgia Department of Banking and Finance.

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