ID H0821

Authorizes Idaho to use payment stablecoins backed by U.S. dollars or Treasury obligations to pay state vendors and contractors, with vendor participation being voluntary.

Requires the State Treasurer to maintain and publish an annual list of authorized stablecoins by January 1, with authority to suspend or revoke stablecoins that lose qualification or pose material risk.

Establishes qualification criteria for stablecoins including: federal GENIUS Act approval, 1:1 U.S. dollar backing, on-demand redemption at par value, minimum $2 billion transaction volume in prior 12 months, and U.S.-headquartered issuers with quarterly independent audits.

Mandates annual reporting to the legislature by December 15 on authorized stablecoins, transaction volumes, cost savings, and fiscal benefits to the state.

Effective July 1, 2026, with emergency declaration; allows interstate coordination through memoranda of understanding with other states and federal agencies.