US EditionBND announces "Roughrider Coin" state backed cryptocurrency
North Dakota’s state-backed Roughrider Coin will streamline bank-to-bank transfers and merchant payments, processing over 90 billion transactions annually via Fiserv’s platform.
- On October 8, the Bank of North Dakota announced a partnership with Fiserv Inc. to create Roughrider Coin, a USD-backed stablecoin available to state banks and credit unions in 2026.
- Following Wyoming's earlier deployment of a state token, the GENIUS Act, signed by President Donald Trump earlier this year, created a federal framework enabling regulated stablecoins.
- The project will run on Fiserv, Inc.'s digital asset platform, chosen for processing over 90 billion transactions and serving 10k institutions, using the FIUSD system for bank-to-bank intranet use.
- A pilot will roll out to banks and credit unions in 2026 after North Dakota Industrial Commission approval, aiming to speed transfers and support merchant and cross-border payments.
- As the second state to issue a stablecoin after Wyoming, North Dakota joins early initiatives, though Roughrider’s intranet design limits impact until bridges to public networks develop.
22 Articles
22 Articles
Grand Forks Herald
Bank of North Dakota to launch 'Roughrider coin' for digital money moves
BISMARCK — The Bank of North Dakota and its core banking services provider, Fiserv, announced a partnership Wednesday, Oct. 8, to develop the state's own stablecoin, which will be called the Roughrider coin. According to J.P. Morgan, "A stablecoin is a cryptocurrency whose value is designed to be stable, typically by being pegged to a fiat currency like the U.S. dollar. On paper, they aim to offer the benefits of cryptocurrency — high-speed, low…
North Dakota to Become Second State to Issue Stablecoin With ‘Roughrider’ Token
North Dakota plans to follow Wyoming to become only the second state to issue a stablecoin, in this case to initially facilitate bank-to-bank transactions while the digital tokens are being more widely experimented with in the US the financial system.
BND announces "Roughrider Coin" state backed cryptocurrency
BISMARCK, ND (KXNET) — The Bank of North Dakota (BND) announced "Roughrider Coin," a new state-backed cryptocurrency. BND is calling Roughrider Coin a stablecoin. Stablecoins are intended to maintain their value, unlike volatile cryptocurrencies. The value of the coin will be tied to real assets such as the U.S. dollar and other commodities such as gold. This and other state-backed cryptocurrencies were made possible were made possible by the GE…
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