Group 1 - Fiserv, Inc. (NYSE:FI) is recognized as a stock to buy by billionaire Ray Dalio's Bridgewater Associates [1] - On October 8, Fiserv launched the Roughrider coin in partnership with the Bank of North Dakota, marking North Dakota's first stablecoin [1][2] - The Roughrider coin is a stablecoin fully backed by US dollars and will be available to credit unions and banks in North Dakota starting in 2026 [1][2] Group 2 - The Roughrider coin will operate on Fiserv's digital asset platform, which was introduced in June, alongside a "white-label" stablecoin called FIUSD [2] - The platform aims to facilitate secure, efficient, and interoperable payment flows in regulated banking environments [2] - The initiative is designed to enable secure bank-to-bank transactions, support global money movement, and drive merchant adoption within North Dakota [2] Group 3 - North Dakota has become the second US state to issue a government-backed stablecoin [2] - Fiserv is a financial technology company providing digital banking, payment processing, merchant acquiring, and financial services solutions globally [2] - Key platforms of the company include Clover and Carat [2]

Core Insights - Fiserv, Inc. has partnered with the Bank of North Dakota to launch the Roughrider coin, a stablecoin backed by U.S. dollars, marking it as the first state-backed stablecoin in the U.S. [1][2] - The Roughrider coin aims to enhance bank-to-bank transfers, improve global money movement, and increase merchant adoption within North Dakota [2][3] - The coin will utilize Fiserv's digital asset platform, which is designed to be efficient and interoperable with other digital currencies [3][4] Company and Industry Developments - The Roughrider coin is expected to be available to banking institutions and credit unions in North Dakota by next year [2] - Fiserv's digital asset platform, introduced earlier this year, includes a white-label stablecoin called FIUSD, which will support the Roughrider coin [3] - The initiative reflects North Dakota's commitment to modernizing its financial ecosystem and capitalizes on recent federal law changes [4]

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]