Bank of North Dakota unveils state-backed stablecoin with Fiserv

North Dakota’s state-owned bank has entered the digital finance arena, announcing plans to launch Roughrider Coin, a U. S. dollar-backed stablecoin developed in partnership with global payments firm Fiserv, the bank said ￰0￱ token is scheduled to launch in 2026 and will initially be offered to banks and credit unions in the ￰1￱ aims to revolutionise money movement within the state’s financial network — much like how the internet transformed information ￰2￱ Roughrider Coin will be held in parity with the U. S.

dollar, thereby maintaining a stable ￰3￱ will underpin various types of financial transactions, such as interbank settlements, merchant payments, and cross-border ￰4￱ is the first time a state-owned bank in the ￰5￱ launched its own stablecoin for use within its local monetary ￰6￱ Morgan, the president of the Bank of North Dakota, which will operate the effort, called it a way of solidifying the state’s financial infrastructure and maintaining its relevance in an increasingly global ￰7￱ bank’s job has always been to lend for agriculture, commerce and industry — and digital assets are among those now in that lane, he ￰8￱ project received the support of Governor Kelly Armstrong, who described it as a “state-of-the-art approach” and part of the state’s progressive financial ￰9￱ insisted that the stablecoin would be “backed by real money,” ensuring trust and safety for citizens and ￰10￱ Roughrider Coin is contingent upon approval from the North Dakota Industrial Commission, which regulates the state’s banking ￰11￱ approved, pilot testing is scheduled with local financial institutions and public use is set to start in ￰12￱ expands its digital asset reach Fiserv acquired Bento a few years after it bought out CheckFree, which gives the Brookfield, Wisconsin-based company even more reach into new payments technology and digital assets.

Fiserv, a leading provider of payments and financial technology solutions, will provide the digital infrastructure for Roughrider ￰13￱ years, the firm has been developing its stablecoin and digital asset platform, specifically designed for banks and payment ￰14￱ launched its independent white-label stablecoin , FIUSD, earlier this year, creating a way for traditional financial institutions to issue and manage digital tokens while remaining compliant with ￰15￱ ￰16￱ Coin will be built on the same technology and work with other stablecoins running on Fiserv’s ￰17￱ is crucial for compatibility with various payment systems and ￰18￱ are also strong compliance and anti-fraud protections built into the platform, a concern for community banks that want to upgrade while keeping themselves shielded from the risks often associated with crypto ￰19￱ North Dakota partnership is proof that digital money can work in tandem with brick-and-mortar banking, Fiserv executives ￰20￱ regulations evolve, we anticipate that more states and institutions will follow this ￰21￱ opportunities and challenges ahead The Roughrider Coin may enable banking to become more efficient and accessible, but it faces ￰22￱ acceptance will depend on how eagerly banks, merchants, and consumers adopt it in their daily business ￰23￱ community banks are lagging, and caution has prevented some from participating in the blockchain-based payment ￰24￱ remains another priority as digital currencies are susceptible to cyberattacks and system malfunctions.

Fiserv’s solution specifically addresses these concerns with safeguards already in place, including fraud monitoring and data ￰25￱ has also consented to robust monitoring and risk-management ￰26￱ private stablecoins, the Roughrider Coin would be overseen by a state-owned bank, something that has the potential to build trust among risk-averse users. However, it must still prove itself to be hardy and reliable in the ￰27￱ stablecoins like USDC and USDT already dominate the market, while companies such as PayPal and Cloudflare are offering plans to issue their ￰28￱ Coin will have to demonstrate that it offers clear advantages — such as regulatory approval, cost savings, or benefits to the local ￰29￱ $50 free to trade crypto when you sign up to Bybit now