Next steps for Bank of North Dakota stablecoin to be reviewed this month

Next steps for Bank of North Dakota stablecoin to be reviewed this month

BISMARCK — The Bank of North Dakota is on track to launch the state’s first stablecoin next September, pending a review by state officials later this month. The state-owned bank announced in October it is developing a stablecoin, branded as the Roughrider Coin, for use in North Dakota’s banking system. Executives hope the digital currency, which will be tied to the value of the U.S. dollar, will streamline financial transactions between banks. T…