According to Wu Blockchain, Florida's stablecoin payment regulatory rules will take effect starting October 1. Trust companies within the state that meet the criteria must obtain approval certificates to issue payment stablecoins in principle. Compliant issuers are required to maintain at least a 1:1 reserve ratio, with allowable assets including cash, bank demand deposits, short-term U.S. Treasury bonds, and eligible government money market funds. Issuers must disclose reserve compositions monthly, undergo accountant audits, and provide certifications from the CEO/CFO. Under the new regulations, if the total issuance of payment stablecoins by state-level issuers reaches $10 billion, they must transition to the corresponding federal regulatory framework within 360 days (unless granted a federal exemption) or halt new issuances until the scale drops back below the threshold. https://www.(wublock123.com)/news/florida-stablecoin-regulations-effective-october-1-69338