Core Viewpoint - North Dakota is set to launch a USD-backed stablecoin named "Roughrider Coin" in partnership with Fiserv, aiming for a pilot launch in 2026 [1][2][6] Group 1: Stablecoin Development - North Dakota will become the second US state to issue its own stablecoin, following Wyoming's lead [2][7] - The stablecoin will be backed by real money, contributing to a secure financial ecosystem for residents [3][6] - The pilot launch will involve banks and credit unions, although specific technical details are currently lacking [6][7] Group 2: Historical Context - The stablecoin is named after President Teddy Roosevelt's cavalry regiment, reflecting a historical connection to North Dakota [4][5] - Roosevelt, while not a native, spent significant time in North Dakota, which adds to the coin's significance [5] Group 3: Industry Implications - The initiative represents a significant step towards cryptocurrency adoption in the US, with North Dakota potentially paving the way for other states to follow suit [7] - The process of selecting a blockchain for the stablecoin may take time, similar to Wyoming's experience [6][7]
North Dakota To Launch “Roughrider” USD Stablecoin