Finance
What to know:
- The Bank of North Dakota, a proper state gremlin in a smart suit, will issue a U.S. dollar stablecoin with Fiserv, aiming for a dazzling debut in 2026.
- The token, christened “Roughrider Coin,” is meant to speed bank-to-bank transfers and make merchants grin and nod at the shiny new payments trick.
- Stablecoin adoption is galloping nationwide after the GENIUS Act pirouetted onto the scene earlier this year. Wyoming has already rolled out its own, currently in a cheeky test phase.
The U.S. state of North Dakota is prancing into the stablecoin jamboree, with the Bank of North Dakota teaming up with payments wizard Fiserv (FI) to launch a U.S. dollar-backed token aimed at financial institutions across the state.
The token, dubbed “Roughrider Coin,” is expected to hop onto the stage in 2026 and will pirouette on Fiserv’s digital asset platform, slipping neatly into its white-label FIUSD system-a stablecoin network designed for properly regulated banking mischief.
The coin is meant to “increase bank-to-bank transactions, encourage global money movement and drive merchant adoption,” the merry duo announced, with a wink and a nibble of excitement. 🚀💸
The news follows Fiserv’s June splash into the crypto pond with its issuance platform on Solana, diving into the fast-growing stablecoin sea. Stablecoins are being used more often as a quicker, cheaper, and programmable way to move money atop blockchains. The asset class swelled to $293 billion, growing roughly 70% in a year. The party was helped along by the GENIUS Act, signed into law by U.S. President Donald Trump in July, which sketched out a federal framework for stablecoin issuers and laid a curious path for financial institutions to adopt the technology.
With its stablecoin plan, North Dakota is joining Wyoming as the latest U.S. state to poke its nose into crypto, and Wyoming has already deployed its Frontier Stable Token earlier this year, currently in a testish phase.
Fiserv processes over 90 billion transactions a year for 10,000 financial institutions, and it hopes to be the bridge between old-school finance and shiny blockchain wizardry, a grand lever to push commerce into the future. 🪄💼
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2025-10-08 21:37