State Digital Asset Payments Study Act.

SB 975 directs the North Carolina Department of State Treasurer to conduct two studies regarding digital assets and remittance costs. The first study will evaluate the feasibility and risks of accepting digital assets, specifically stablecoins, for certain state fees, while the second study will examine ways to reduce transaction costs for residents sending money abroad. The bill explicitly prohibits the state from accepting digital assets for taxes or criminal fines and does not authorize agencies to hold or invest in these assets. A final report with recommendations is due by January 15, 2027, and the legislation appropriates $50,000 to fund these studies.