Bank of North Dakota Partners With Fiserv to Launch Dollar-Backed Stablecoin

The Bank of North Dakota has entered the stablecoin arena through a partnership with financial technology giant Fiserv. The state-sponsored Roughrider Coin, slated for a 2026 rollout, will be exclusively available to local banks and financial institutions.

Governor Kelly Armstrong framed the initiative as a pioneering effort to merge financial security with technological innovation. Fiserv's involvement brings formidable infrastructure to the project—the company currently processes 90 billion annual transactions across 10,000 financial institutions and 6 million merchants.

The stablecoin's architecture emphasizes seamless convertibility to other assets, positioning it as a potential catalyst for North Dakota's digital payment ecosystem. Fiserv COO Takis Georgakopoulos highlighted the synthesis of traditional finance reliability with blockchain efficiency.