MILWAUKEE –Fiserv, in collaboration with the Bank of North Dakota, has announced the launch of the Roughrider Coin—the state’s first stablecoin.
Fully backed by U.S. dollars, Roughrider Coin will also mark the nation’s first state-issued stablecoin to debut on the Fiserv digital asset platform, Fiserv said.
Honoring Theodore Roosevelt and his Rough Riders, the Roughrider coin will aim to increase bank-to-bank transactions, encourage global money movement, and drive merchant adoption. The coin will be available to banks and credit unions in North Dakota in 2026, Fiserv said.
The Fiserv digital asset platform, announced in June along with a new white-label stablecoin, FIUSD, presents Fiserv customers with access to a new, more efficient, and interoperable digital asset payment service for their banking and payment flows. The Roughrider coin will leverage the FIUSD digital asset platform and is expected to be interoperable with other coins, the company explained.
“As one of the first states to issue our own stablecoin backed by real money, North Dakota is taking a cutting-edge approach to creating a secure and efficient financial ecosystem for our citizens,” said Governor, Kelly Armstrong. “The new financial frontier is here, and The Bank of North Dakota and Fiserv are helping North Dakota financial institutions embrace new ways of moving money with the Roughrider coin.”
"We're entering a new era where payments are instant, interoperable, and borderless," said Takis Georgakopoulos, COO at Fiserv. "With Roughrider Coin, we're bringing together the reliability of traditional finance and the innovation of blockchain to deliver faster and smarter digital payments. North Dakota's vision and leadership in launching this initiative show how forward-thinking policy can drive real progress in digital finance. We are pleased to be selected as their partner."
For more information on FIUSD stablecoin, visit https://bit.ly/FIUSD.