The Bank of North Dakota has joined the stablecoin race. In close collaboration with Fiserv Inc. (NYSE: FI), the Bank of North Dakota announced on Wednesday its plans to unveil a U.S. dollar-backed stablecoin dubbed Roughrider Coin.
“As one of the first states to issue our own stablecoin backed by real money, North Dakota is taking a cutting-edge approach to creating a secure and efficient financial ecosystem for our citizens,” Kelly Armstrong, Governor at the Bank of North Dakota, said.
The Roughrider Coin will be made available to banks and other financial institutions in North Dakota in 2026. According to the Bank of North Dakota, the Roughrider coin will be seamlessly swapped to other assets to enhance the state’s digital payments.
The Fiserv platform was selected due to its vast network including 10k financial institution clients, 6 million merchants, and processes over 90 billion transactions annually.
“With Roughrider Coin, we’re bringing together the reliability of traditional finance and the innovation of blockchain to deliver faster and smarter digital payments,” Takis Georgakopoulos, COO at Fiserv, noted.
The strategic launch of the Roughrider Coin, which is ostensibly inspired by Theodore Roosevelt and the Rough Riders, follows the notable changes in federal laws. Earlier this year, President Donald Trump enacted the GENIUS Act, which prohibited the Federal Reserve from launching a Central Bank Digital Currency (CBDC).
However, the GENIUS Act enabled financial institutions to explore stablecoins backed by the U.S. dollar in a regulated manner. North Dakota follows a similar initiative by Wyoming, whereby it recently announced its Frontier Stable Token (FRNT).
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Analyst Jesse from Apex Crypto Consulting says XRP could play an important role in a…
Ethereum price has bled hard after facing a strong rejection around the $4,700 level. In…
When a crypto analyst recently predicted that the XRP price could hit $100 by 2030,…
Seychelles, 8th October, 2025 - Global cryptocurrency exchange Zoomex today announced a landmark partnership with…
Timing has always been everything in crypto. Those who recognize momentum early often capture the…
Bitcoin has reached a new all-time high above $125,000, but market history shows this is…
