5 Del. C. § 3511: License required [For application of this section, see 85 Del. Laws, c. 339, § 2].

(a) Unless exempt under § 3507 of this title, a person may no t issue a payment stablecoin to or on behalf of a resident.

(b) The Commissioner shall issue a payment stablecoin issuer license, for persons who issue payment stablecoins.

(c) Each category of license shall be subject only to requirements proportionate to the risks presented by the activities conducted thereunder.

(d) The Commissioner, by regulation, may create subcategories of licenses within each category established by this section to reflect material differences in the nature, volume, or risk of regulated activities.