Explore dedicated State Trackers for all 50 U.S. states. StableTokens.com monitors legislation, reserve frameworks, commissions, pilot programmes and launch activity for state-backed stable tokens across the United States.
Independent research. Updated continuously.
Every U.S. state receives one of four classifications based exclusively on verified public evidence.
🟢 Launching
An officially issued state-backed stable token has launched through a public state programme.
🔵 In Development
Verified legislation, implementation work, commissions or official government programmes are actively advancing toward a state-backed stable token.
🟡 Under Review
Official legislative studies, treasury reports, working groups, commissions or public consultations are exploring a state-backed stable token framework.
⚪ Monitoring
No verified public state-backed stable token programme currently exists, but StableTokens.com continuously monitors the state for official developments.
Classifications are determined using official legislation, executive actions, treasury publications, commission activity and government announcements. StableTokens.com maintains a transparent, evidence-based methodology and updates classifications as verified public information becomes available.

America's first publicly issued, fully reserved state-backed stable token. Tracking governance, transparency and verified public developments.
New Hampshire is investigating a potential state-backed stable token framework through a statutory commission.

Texas is exploring legislation that could establish a state-backed stable token framework, alongside broader digital asset infrastructure initiatives.

North Dakota is developing Roughrider Coin, a state-backed stable token through the Bank of North Dakota, alongside broader public digital payment infrastructure initiatives.
Pennsylvania is advancing HB 2647, legislation that could establish a state regulatory framework for payment stablecoins, alongside broader digital asset oversight initiatives.
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