Core Insights - The Bank of North Dakota and Fiserv are launching Roughrider Coin, a U.S. dollar-backed stablecoin, set to debut in 2026 [1][3] - Roughrider Coin will operate on Fiserv's digital asset platform, FIUSD, and will be available to banks and credit unions in North Dakota [1][3] - The coin aims to enhance bank-to-bank transactions, promote global money movement, and drive merchant adoption, although challenges remain regarding consumer protections [3] Company Developments - Fiserv launched the FIUSD platform in June, enabling banks and credit unions to issue and transfer dollar-backed digital assets [1] - Mastercard plans to integrate FIUSD into its global payments network, making Roughrider Coin the first state-issued stablecoin on the Solana blockchain [2] - The Bank of North Dakota has been authorized to develop a beta version of Roughrider Coin, with oversight from the North Dakota Industrial Commission [6][7] Regulatory Context - The Roughrider Coin aligns with the GENIUS Act, which established a national framework for payment stablecoins, supporting faster and more secure transactions [6] - The initiative reflects North Dakota's commitment to innovation in finance and industry, as highlighted by Governor Kelly Armstrong [4][5]
Bank of North Dakota Taps Fiserv to Launch State-Backed 'Roughrider Coin'