North Dakota to Issue Stablecoin With Fiserv as Digital Dollar Trend Expands

The ￰0￱ of North Dakota is joining the stablecoin trend, with state-owned Bank of North Dakota teaming up with payments infrastructure giant Fiserv (FI) to launch a U. S. dollar-backed token aimed at financial institutions across the ￰1￱ token, dubbed "Roughrider Coin," is expected to roll out next year and will run on Fiserv’s digital asset platform and plug into its white-label FIUSD system, a stablecoin network designed for regulated banking ￰2￱ token is aimed to "increase bank-to-bank transactions, encourage global money movement and drive merchant adoption," the firms said in a press ￰3￱ news follows Fiserv's June entrance with its crypto issuance platform on Solana (SOL) to the fast-growing stablecoin ￰4￱ are increasingly used as a faster, cheaper and programmable alternative for moving money on top of ￰5￱ asset class swelled to $293 billion, expanding roughly 70% in a ￰6￱ fast-paced growth was spurred by the GENIUS Act, signed into law by ￰7￱ Donald Trump in July, which set a federal framework for stablecoin issuers and cleared a legal path for financial institutions to adopt the ￰8￱ its stablecoin plan, North Dakota is joining Wyoming as the latest ￰9￱ experimenting with ￰10￱ has deployed its state-issued Frontier Stable Token earlier this year, and it is currently in a test ￰11￱ processes over 90 billion transactions a year for 10,000 financial institutions, and aims to position itself as a bridge between traditional finance and blockchain ￰12￱ more: Stablecoin Surge Could Trigger $1T Exit From Emerging Market Banks: Standard Chartered