5 Del. C. § 3506: Scope [For application of this section, see 85 Del. Laws, c. 339, § 2].

(a) This chapter applies to any person engaged in the business of any of the following:

(1) Issuing a payment stablecoin to or on behalf of a resident of this State.

(2) Acting as a digital asset service provider with or on behalf of a resident of this State, to the extent that the person elects to register under § 3517 of this title or is subject to the consumer protection provisions of § 3535 of this title.

(3) Providing custody services for payment stablecoin reserve assets on behalf of a permitted payment stablecoin issuer licensed under this chapter, unless exempt under § 3507 of this title.

(b) A person engages in the issuance of a payment stablecoin in this State if the payment stablecoin is offered, sold, or made available to residents of this State, regardless of the physical location of the issuer.