Core Insights - Bank of North Dakota, in partnership with Fiserv, is set to launch Roughrider Coin, the first state-backed stablecoin in the US, fully backed by US dollars and aimed at enhancing financial transactions [1][2] - The launch is scheduled for 2026 and will be available to North Dakota banks and credit unions, focusing on improving bank-to-bank transactions, global payments, and merchant adoption [1][2] Group 1: Stablecoin Launch - Roughrider Coin will utilize Fiserv's digital asset platform and blockchain technology to facilitate faster digital payments [1][3] - The initiative is part of North Dakota's strategy to create a secure and efficient financial ecosystem, as highlighted by Governor Kelly Armstrong [2] Group 2: Market Context - The global stablecoin market has surpassed $313 billion, marking a 21.4% increase since July, driven by improved regulatory clarity in the US [4] - Existing stablecoin players like Tether and Circle are enhancing their offerings by investing in new Layer-1 chains to increase utility [4][5] - New entrants, such as the Trump-backed USD1, have quickly gained market capitalization, indicating a growing interest in stablecoins [5]
North Dakota to Launch Roughrider Coin: First US State-Backed Stablecoin on Fiserv Platform