Overview
- The Bank of North Dakota announced Roughrider Coin in partnership with Fiserv as a state-backed stablecoin designed to modernize settlement and payments.
- Initial access is slated for North Dakota banks and credit unions, with early uses focused on interbank transfers, loan settlements, and other wholesale transactions.
- Each token will be fully collateralized by U.S. dollar reserves and issued on Fiserv’s digital asset infrastructure with interoperability across the FIUSD ecosystem.
- Bank officials will present risk, use-case, and cost analyses to the Industrial Commission, which must authorize a limited pilot targeted for 2026.
- The initiative follows federal clarity from the GENIUS Act and parallels Wyoming’s Frontier Stable Token, with Fiserv bringing scale through its network of thousands of financial institutions.