Idaho H0821 establishes the Financial Accountability Stablecoin Transaction (FAST) Act to authorize the use of payment stablecoins for state payments.
Idaho H0821, known as the FAST Act, authorizes the use of payment stablecoins for state payments. The state treasurer and state controller can use these stablecoins to pay vendors and contractors, who may choose to receive payment in stablecoins. The act defines authorized payment stablecoins as those qualified under the federal GENIUS act or as public purpose-qualified stablecoins. The state treasurer must annually publish a list of authorized stablecoins and report on their use, including transaction volumes and cost savings.
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