North Dakota Announces "Roughrider" USD Stablecoin Initiative

North Dakota is set to launch its own state-backed stablecoin, dubbed "Roughrider Coin," in partnership with fintech firm Fiserv. The project, announced by Governor Kelly Armstrong, aims to create a secure and efficient financial ecosystem for citizens. While technical details remain sparse, the pilot launch is slated for 2026, involving local banks and credit unions.

The MOVE follows Wyoming's recent stablecoin debut, marking a growing trend among U.S. states to explore blockchain-based financial solutions. Named after Theodore Roosevelt's cavalry regiment, the stablecoin underscores North Dakota's push into digital finance—despite Roosevelt's non-native ties to the state.

Fiserv's collaboration with the Bank of North Dakota highlights institutional confidence in stablecoins, though the chosen blockchain and implementation specifics are yet to be disclosed. The initiative reflects broader momentum for regulated, government-endorsed digital assets.