North Dakota to Issue Stablecoin With Fiserv as Digital Dollar Trend Expands

Core Insights - North Dakota is launching a U.S. dollar-backed stablecoin called "Roughrider Coin" in collaboration with Fiserv, targeting financial institutions in the state [1][2] - The stablecoin aims to enhance bank-to-bank transactions, promote global money movement, and drive merchant adoption [2] - The stablecoin market has grown significantly, reaching $293 billion, with a 70% increase over the past year, driven by regulatory developments such as the GENIUS Act [3] Company and Industry Developments - Fiserv is expanding its presence in the stablecoin sector, having launched a crypto issuance platform on Solana earlier this year [3] - North Dakota joins Wyoming in exploring cryptocurrency initiatives, with Wyoming having already introduced its Frontier Stable Token [4] - Fiserv processes over 90 billion transactions annually for 10,000 financial institutions, positioning itself as a link between traditional finance and blockchain technology [4]