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North Dakota Debuts First State-Backed ‘Roughrider’ Stablecoin for 2026 Launch
Yahoo Finance· 2025-10-08 21:58
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]
狗狗币0.217美元引爆热议:特朗普关联收购点燃市场热情!机构热捧预示9月大行情 !
Sou Hu Cai Jing· 2025-08-22 08:48
与特朗普家族关系密切的Thumzup Media宣布以全股票交易形式斥资5000万美元收购Dogehash Technologies,目标打造美国最大的狗狗币挖矿平台。新公司将更名为Dogehash Technologies Holdings,计划于2025年第四 季度在纳斯达克以"XDOG"代码上市。Dogehash目前运营约2500台Scrypt ASIC矿机,专注于狗狗币和莱特币挖矿,并采用 可再生能源以降低成本。Thumzup首席执行官Robert Steele表示,此举将公司从数字营销转型为多元化数字资产基础设施企 业,结合Dogecoin的Layer-2解决方案DogeOS,探索DeFi质押等创新应用以提升收益。 狗狗币(DOGE)近期价格动态引发广泛关注,当前价格在0.217243美元左右,受到一系列机构和监管利好的推动。特朗 普关联公司Thumzup以5000万美元收购狗狗币挖矿公司Dogehash、怀俄明州推出美国首个州级稳定币,以及美联储官员对 数字资产的温和表态,共同激发了市场对狗狗币的热情,专家认为这些因素正重新点燃机构投资热潮。 机构与监管新动态 Thumzup收购Dogehash ...
Gov. Mark Gordon on state-issued Frontier stablecoin token: Designed system to be reliable
CNBC Television· 2025-08-21 18:39
Stablecoin Launch & Features - Wyoming launched the Frontier Stable Token, the first dollar-backed, fully reserved stablecoin issued by a public entity [2] - The Frontier Stable Token is available on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polon, and Solana [3] - The stablecoin is issued and redeemed at par, meaning $1 buys and retrieves $1 worth of the token [5] - It has a 2% overage to ensure stability and reliability [5] - Reserves backing the stablecoin are short-term treasuries and repos, ensuring it can meet redemption requirements [5] Wyoming's Strategy & Economic Impact - Wyoming aims to be a leader in digital technology, building on its history of being first in LLCs, speedy bank special purpose depository institutions, and DAOs [6][7] - The state believes there is demand for a 100% dollar-backed and reserved stablecoin with open reserves [8] - Wyoming anticipates economic growth from this initiative, attracting data centers, AI, and crypto mining [10][11] - The state exports 12 times the amount of energy it imports [10] - Interest earned from the short-term treasuries backing the stablecoin will support education in Wyoming [8] Regulatory & Banking Implications - Wyoming designed the stablecoin to be viable under any regulatory scheme, leveraging state sovereignty [9][10] - The state intends for banks in Wyoming to use the stablecoin for settlement, reducing transaction costs and enabling instantaneous transactions [11][12] - The Frontier Stable Token is intended to have the same uses as cash and be a valuable asset for banks operating in Wyoming [12]