Bank of North Dakota Partners With Fiserv to Unveil U.S. Dollar-Backed Stablecoin

The Bank of North Dakota has entered the stablecoin arena, announcing a collaboration with Fiserv Inc. to launch Roughrider Coin, a U.S. dollar-backed digital currency. Scheduled for release in 2026, the stablecoin aims to streamline digital payments for financial institutions within the state.

Governor Kelly Armstrong framed the initiative as a pioneering step toward a secure financial ecosystem. Fiserv's infrastructure—spanning 10,000 financial institutions and 6 million merchants—was selected to ensure scalability and reliability.

Takis Georgakopoulos of Fiserv highlighted the fusion of traditional finance and blockchain innovation. The MOVE signals growing institutional recognition of stablecoins as a bridge between legacy systems and decentralized technologies.