CA AB1180

Requires the Department of Financial Protection and Innovation, in consultation with the Treasurer and Controller, to adopt regulations allowing certain payments under the Digital Financial Assets Law to be made with stablecoins issued by licensed entities that can be redeemed directly from the issuer

Limits stablecoin payments to those made by applicants or licensees to the department, excluding payments related to enforcement actions

Mandates the Treasurer and Controller submit a report to the Legislature by January 1, 2028, with recommendations for expanding stablecoin payments to other state agencies and laws

Requires the department to submit a report to the Legislature by January 1, 2029, detailing the number and value of stablecoin transactions processed and technical/regulatory challenges encountered

Provisions become operative July 1, 2027, and sunset on January 1, 2032