Idaho H0901 establishes the FAST Act to authorize the use of payment stablecoins in state transactions.

Idaho H0901, the FAST Act, amends Idaho Code to authorize the use of payment stablecoins in state transactions. It defines "authorized payment stablecoin" as those qualified under the federal GENIUS act or state-issued public purpose-qualified stablecoins. The state treasurer and controller must establish procedures for risk assessment, compliance, and safeguards. The act mandates annual publication of authorized stablecoins and requires the treasurer to report on transaction volumes and cost savings.

Idaho H0901 establishes the FAST Act to authorize the use of payment stablecoins in state transactions.

Idaho H0901, the FAST Act, amends Idaho Code to authorize the use of payment stablecoins in state transactions. It defines "authorized payment stablecoin" as those qualified under the federal GENIUS act or state-issued public purpose-qualified stablecoins. The state treasurer and controller must establish procedures for risk assessment, compliance, and safeguards. The act mandates annual publication of authorized stablecoins and requires the treasurer to report on transaction volumes and cost savings.