U.S. State-Backed Stable Token Directory

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StableTokens.com uses four classifications to track verified state-backed stable token activity across all 50 U.S. states.

An officially authorised state-backed stable token has reached issuance or operational deployment through a state government, state agency, state-owned institution or other authorised public entity.

Current: Wyoming - Frontier Stable Token (FRNT), North Dakota - Roughrider Coin

A state-backed stable token has progressed beyond investigation and is being actively developed through an official state programme, state agency or state-controlled institution.

Current: No States Currently Classified

A state is formally examining the possibility of a state-backed stable token through an official government process, but development or issuance has not yet been authorised.

Current: New Hampshire - Stable Token Study Commission

No verified public programme currently meets the StableTokens.com criteria for Launching / Live, In Development or Under Review.

Current: 47 states

A Monitoring state may still have significant stablecoin, digital-currency or tokenisation activity. Where relevant, these developments may be identified as Related Initiatives without changing the state's core classification.

Related Initiative is not a separate tracker classification.

Stablecoin regulation, licensing of private issuers and broader digital-asset policy do not by themselves qualify as a state-backed stable token programme.

For complete classification criteria, evidence standards, scope and editorial principles, see the StableTokens.com Editorial Standards.

View Editorial Standards →

View and compare the current classification of every U.S. state using the StableTokens.com interactive national tracker.

Explore the U.S. State Tracker →