Delaware has introduced a bipartisan bill aimed at regulating stablecoin banking within the state. The proposed legislation mandates that stablecoin issuers maintain a 1:1 reserve ratio, ensuring that each stablecoin is backed by an equivalent amount of fiat currency. Additionally, the bill requires monthly audits to verify compliance and enforces strict anti-money laundering (AML) and know-your-customer (KYC) protocols. This initiative seeks to integrate stablecoin operations into the state's banking framework, enhancing transparency and consumer protection.