Core Insights - Fiserv and the Bank of North Dakota have partnered to launch the "Roughrider" stablecoin, making North Dakota the second U.S. state to introduce its own digital currency [1][2] Group 1: Stablecoin Launch - The North Dakota stablecoin will be integrated into Fiserv's digital asset platform alongside Fiserv's own stablecoin, FIUSD, which is set to launch next year [2][3] - The Roughrider coin aims to enhance bank-to-bank transactions, promote global money movement, and drive merchant adoption [5] Group 2: Fiserv's Digital Platform - Fiserv's digital platform, announced in June, is designed to leverage its extensive network of 10,000 financial institutions, six million merchant locations, and 90 billion annual transactions to scale its stablecoin [3] - All coins on Fiserv's platform will be interoperable, facilitating efficient interbank money movement with a payment rail that is always open [6] Group 3: Regulatory Context - The launch of the Roughrider coin follows Wyoming's introduction of the Frontier Stable Token and the passage of the Genius Act, which provides a federal regulatory framework for stablecoins [4]

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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]

Core Insights - North Dakota is set to launch the "Roughrider Coin," a state-backed stablecoin, in 2026 through the Bank of North Dakota, aiming to enhance the state's digital finance strategy [1][3] - The Roughrider Coin will be fully backed by U.S. dollars and developed in collaboration with financial technology firm Fiserv [1][4] - This initiative positions North Dakota as the second U.S. state to issue a government-backed stablecoin, following Wyoming's earlier initiative [1] Financial Transactions - The stablecoin will initially facilitate interbank financial activities, including loan settlements, overnight lending, and construction advances among community banks and credit unions in North Dakota [2][6] - The primary goal is to enhance the speed and security of financial transactions within the local banking system [2][6] Historical Significance - The coin is named in honor of former U.S. President Theodore Roosevelt and his Rough Riders regiment, reflecting Roosevelt's historical connection to North Dakota [4] - The design and naming of the token are inspired by Roosevelt's legacy in the state, where he lived and contributed to the establishment of the Theodore Roosevelt National Park [4] Technological Framework - The Roughrider Coin will utilize Fiserv's new FIUSD digital asset platform and ensure interoperability with other stablecoins through technology from Paxos Trust Co. and Circle Internet Group Inc. [5][4] - The Bank of North Dakota aims to leverage its 106-year history to lead in the banking and fintech space, adapting to new financial technologies [6] Future Plans - While the initial focus is on institutional transactions, the Bank of North Dakota may consider offering stablecoin-based deposit accounts to clients in the future [7][6] - Unlike Wyoming's stablecoin, which is aimed at broader consumer use, the Roughrider Coin will not be available for retail payments in the near term [6]

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]

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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]

Core Insights - North Dakota is launching a state-backed stablecoin named Roughrider coin, fully backed by U.S. dollars, aimed at enhancing bank-to-bank transactions and global money movement [2][4] - The initiative is part of a broader strategy to modernize the financial ecosystem in North Dakota, leveraging recent federal law changes [3][4] - The Roughrider coin will be available to banks and credit unions in North Dakota starting in 2026 [2] Group 1: Stablecoin Development - The Roughrider coin is designed to facilitate faster and more secure transactions, integrating traditional finance with blockchain technology [5][6] - The stablecoin will be the first to launch on Fiserv's digital asset platform, which aims to provide efficient digital payment services [4][5] - North Dakota's approach is seen as a pioneering move among U.S. states, following Wyoming's launch of its own stablecoin [7] Group 2: Strategic Partnerships - The partnership with Fiserv allows North Dakota to utilize an existing secure blockchain infrastructure, avoiding the need to develop new systems from scratch [7] - Fiserv's COO emphasized the importance of combining traditional finance reliability with blockchain innovation for improved digital payments [5] Group 3: Regulatory and Economic Context - The North Dakota Industrial Commission supports the stablecoin initiative, highlighting its potential to enhance the state's financial sector [6] - The Roughrider coin is positioned to create a foundation for broader merchant adoption of stablecoins in the future [7]

Retail is back.Bots still dominate volume, but small-value transfers hit record highs, and the ruble stablecoin just became the largest non-USD asset.All that and more in this week’s In The Stables: Ruble Risk and the Return of Retail 👇Alexander (@ahbeaudry):🚨 Stablecoin news moves fast, here’s what you missed this week:1⃣ @Paxos + @AleoHQ launch USAD, a privacy-focused dollar stablecoin for institutions (10/1)2⃣ A7A5 ruble stablecoin surges past $500M as EU preps sanctions (10/7)3⃣ Bots drove 70% of stable ...