[Florida Implements GENIUS Act: Stablecoin Issuers Must Obtain Approval Certificates, Effective October 1] Reported by Golden Finance, on October 1, according to the official website of the Florida Legislature, Florida Statutes will add §658.997 'Qualified Payment Stablecoin Issuers' chapter in 2026, effective immediately, implementing the federal GENIUS Act framework. Key points: ① Trust companies issuing payment stablecoins in the state must apply for an approval certificate from financial regulators, with decisions required within 120 days of application; delays will be deemed as approval. ② Federal qualified issuers (approved by OCC) and out-of-state qualified issuers (reporting within 30 days) are exempt, and compliant stablecoins will not be considered securities. ③ Issuers with a circulation scale of $10 billion must transition to federal regulation within 360 days or cease issuance. ④ Minimum prudential requirements include 1:1 reserves, disclosure of redemption policies, monthly publication of reserve composition, and monthly certification by the CEO/CFO.