The Roughrider Coin: North Dakota Pioneers State-Backed Crypto For 2026

North Dakota has moved to create its own state-backed stablecoin, a step that aims to bring banks and public finance closer to token-based ￰0￱ have disclosed the project will be called Roughrider Coin and that it is being built in partnership with the Bank of North Dakota and payments firm ￰1￱ And Partner Details According to the partners, Roughrider Coin will be fully backed one-to-one by US dollar reserves and issued on Fiserv’s FIUSD platform. Fiserv, which supports about 10,000 financial institutions and processes more than 90 billion transactions a year, will provide the underlying ￰2￱ on market coverage, the Bank of North Dakota will oversee issuance and custody while the state’s Industrial Commission will review and sign off on the project before anything goes ￰3￱ Bank of North Dakota has always been an innovator, and today we announced a partnership with Fiserv to develop ND’s own stablecoin, the Roughrider ￰4￱ digital asset, backed by the U.

S. dollar, will improve efficiency and quality control in the banking sector, a direct… ￰5￱ — Governor Kelly Armstrong (@GovArmstrong) October 8, 2025 Planned Timeline And Oversight Officials say they are aiming for a launch in ￰6￱ date is a target, not a ￰7￱ from the North Dakota Industrial Commission is required, and regulators will assess legal and compliance details before any rollout ￰8￱ measures will remain internal at first; the early phases appear focused on bank-to-bank uses rather than consumer-facing wallets or retail ￰9￱ And Limits The initial use cases include interbank transfers, loan disbursements, and overnight lending between ￰10￱ use and customer-facing services were not confirmed, meaning most residents likely will not notice changes in daily banking right ￰11￱ state’s pitch is that a ledger-based token could shorten settlement times and make certain transfers more ￰12￱ the first implementations look to be limited to institutional ￰13￱ And Market Context Local observers and some banking voices have flagged ￰14￱ issue raised is the potential for deposits to shift if more funds are moved into digital token ￰15￱ is market competition: major stablecoins like USDC and USDT already dominate widespread trading and merchant ￰16￱ with other blockchains and tokens will matter, and FIUSD’s technical bridges will be tested if Roughrider Coin expands beyond internal bank ￰17￱ Comes Next Regulatory steps are the immediate ￰18￱ Industrial Commission’s timetable and any conditions it adds will shape whether the project keeps its 2026 ￰19￱ approval is granted, the Bank of North Dakota and Fiserv will begin pilots and scaling ￰20￱ will also watch whether other states follow suit; reports have noted Wyoming previously moved toward a state-backed digital ￰21￱ Coin is a focused experiment for ￰22￱ on reports, it aims to modernize certain institutional flows without replacing existing deposit accounts or the cash ￰23￱ image from Hertz, chart from TradingView