FL S1568

Establishes the Florida Stablecoin Pilot Program within the Department of Financial Services to accept payment stablecoins for governmental fees including licensing, registration, certification, and application fees

Requires accepted stablecoins to have at least $1 billion average market capitalization over 12 months, be fully backed one-to-one by U.S. currency or short-term Treasury bills, and be issued by federally or state-approved issuers

Authorizes the department to hold stablecoins, issue refunds and reimbursements in stablecoin form, and convert received stablecoins to U.S. dollars within a reasonable time for deposit in qualified public depositories

Requires annual reports to the Governor and Legislature beginning February 1, 2027, detailing transaction volume, cost savings, security incidents, fraud cases, and recommendations for program expansion or termination

Grants the department authority to conduct examinations, audits, and investigations of stablecoin issuers to verify asset backing, redeemability, and consumer protection compliance