FINANCIAL ACCOUNTABILITY STABLECOIN TRANSACTION ACT – Adds to existing law to establish the Financial Accountability Stablecoin Transaction (FAST) Act to provide for the authorization and use of payment stablecoins.

Summary

The FAST Act authorizes Idaho to use U.S. dollar‑backed payment stablecoins that meet federal GENIUS standards or are state‑issued for public purposes. It requires the finance department to keep a public list of approved coins and the treasurer to report cost savings and fiscal benefits. The measure aims to lower transaction costs, improve transparency, and speed up payments to state contractors.

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