Bank of North Dakota to Launch Digital Dollar with Fiserv in 2025
The state-owned Bank of North Dakota partners with Fiserv to introduce the Roughrider Coin, a U.S. dollar stablecoin, targeting bank-to-bank transfers and merchant payments, with a 2026 debut.
The Bank of North Dakota, in collaboration with Fiserv, is set to launch its U.S. dollar-backed stablecoin, Roughrider Coin, in 2026. The token aims to enhance bank-to-bank transactions, promote global money movement, and support merchant adoption. This follows the broader trend of stablecoin adoption spurred by the GENIUS Act and state-backed digital currency initiatives such as Wyoming's Frontier Stable Token. Fiserv's extensive experience in processing transactions for financial institutions will help facilitate the coin’s integration into the state’s financial ecosystem.
- Stablecoin: A type of cryptocurrency that is pegged to a stable asset, like the U.S. dollar, designed to minimize price volatility.
- GENIUS Act: A U.S. federal law signed by President Trump that sets a legal framework for stablecoin issuance and adoption by financial institutions.
- Fiserv: A global provider of financial services technology, offering payment processing, digital banking solutions, and blockchain-based systems.