North Dakota, Fiserv announce plan for state-backed ‘Roughrider’ stablecoin
North Dakota has announced plans to launch Roughrider Coin, a fully dollar-backed stablecoin, in 2026, in partnership with payments company Fiserv.
The Bank of North Dakota is entering the stablecoin market with Roughrider Coin, a US dollar–backed cryptocurrency developed in partnership with payments firm Fiserv.
According to a Wednesday announcement, the token will be available to banks and credit unions in North Dakota in 2026 and is designed to support interbank transactions, merchant payments, and cross-border money movement.
Fiserv reportedly processed an estimated 35 billion merchant transactions in 2022. Its digital asset platform was introduced in June alongside a “white-label” stablecoin for banks. Roughrider Coin will operate on this system and Fiserv expects it to be interoperable with other stablecoins.