Will Texas have its own currency?

One of the most common questions about life after Texit is what Texas would use for money. Texas has more than one workable path here, not a single locked plan. What currency an independent Texas uses is a sovereign decision for the government Texans elect, and it is one of the questions a transition treaty with the United States would settle after a vote. The movement’s job is to show that the building blocks are already here, not to pre-commit the future Republic’s monetary policy.

The U.S. Dollar Can Simply Keep Circulating

Nothing forces Texas to replace the dollar on the day it becomes independent, or ever, if Texans don’t want to. A number of sovereign nations use the U.S. Dollar as their everyday currency, including Panama, Ecuador, and El Salvador, with no central bank of their own and no exchange-rate risk. An independent Texas could do exactly the same through the transition and for as long as it served Texans. Currency continuity is the default, not a problem to be solved.

Gold and Silver Are Already Legal Tender in Texas

Texas has already taken a concrete step toward sound money with the passage and signing of HB 1056 in the 89th legislative session in 2025. HB 1056 goes far beyond the symbolic precious-metals legislation passed by other states. It makes gold and silver legal tender (effective September 1, 2026) and authorizes the Texas Comptroller, starting May 1, 2027, to establish the electronic systems that make gold and silver “functional money” for everyday use: the plan is for Texans to hold gold and silver in the state-run Texas Bullion Depository and spend those holdings through debit cards and mobile applications, for everything from groceries to a tank of gas. That is real infrastructure, written into law before independence.

The Texas Bullion Depository

The Texas Bullion Depository (TxBD), a state-run facility in Leander, stores precious metals and gives Texas the ability to back money with tangible assets, something few modern fiat currencies offer. In the words of then-Texas Comptroller Glenn Hegar, “The Texas Bullion Depository is the only one of its kind in the United States, giving Texans a safe place to store precious metals with a level of trust and security.” If a future Texas chose to anchor a currency to metal, the Depository is already standing.

The Building Blocks for a Texas Currency, If Texans Want One

Should the future Texas government decide to issue its own currency, Texas starts far ahead of most nations that have done it. It has the world’s 8th-largest economy, about $2.77 trillion in GDP as of 2024, diversified across energy, technology, agriculture, and manufacturing. It has the Texas Treasury Safekeeping Trust Company, which already manages about $165 billion in assets and brings deep experience overseeing large portfolios. It has 196 state-chartered banks and an established regulator in the Texas Department of Banking. The institutional capacity to run a currency exists. Whether and how to use it is a decision for the future Republic, not a detail to settle here.

The Bottom Line

For those who doubt Texas’s readiness, the record is plain. Texas can keep using the dollar, lean on gold and silver made legal tender under HB 1056, or stand up a currency of its own, and it holds the economic weight and the financial institutions to make any of those paths work. The specific choice belongs to the Texas that voters elect. For an independent Texas, money is a solved problem.