North Dakota’s Bank Launches “Roughrider” Stablecoin with Fiserv
The Bank of north Dakota (BND) is set to launch the “Roughrider” stablecoin in 2026. This move, in partnership with Fiserv, aims to modernize the state’s financial system. The stablecoin will be tied to the U.S. dollar, ensuring stability for local banks and credit unions.
Named after Theodore Roosevelt’s cavalry regiment, Roughrider Coin symbolizes North Dakota’s rich history. Its main goals are to speed up bank transactions, simplify cross-border payments, and encourage local merchants to adopt digital payments. This initiative reflects North dakota’s commitment to embracing blockchain technology.
According to Governor Kelly Armstrong, “North Dakota is pioneering a secure and efficient financial ecosystem with Roughrider Coin. This is a significant step in the new financial frontier.”
Fiserv’s involvement brings technical expertise and scalability. As a leading financial services company, Fiserv processes billions of transactions annually. This partnership ensures Roughrider Coin’s success and sets a precedent for other states.
The launch of Roughrider Coin follows Wyoming’s state-backed token. Both initiatives highlight a growing trend of states experimenting with stablecoins. This trend is driven by new federal laws that clarify the operation of dollar-pegged digital assets within U.S. financial regulations.
North Dakota’s Roughrider Coin will be the first state-issued stablecoin on Fiserv’s digital-asset platform. This platform, unveiled earlier this year, supports Fiserv’s own FIUSD stablecoin. The Roughrider Coin launch marks a significant step in the evolution of public finance.
