North Dakota Enters Crypto Frontier With State-Backed Stablecoin
A state-issued stablecoin is now in development in North Dakota.
The state-owned Bank of North Dakota (BND) has partnered with payments giant Fiserv to launch Roughrider Coin in 2026.
This US dollar-pegged token promises instant, secure transfers for local banks and credit unions, slashing days-long waits to seconds.
Fully backed by reserves, the coin will honor Theodore Roosevelt’s legendary Rough Riders cavalry.
BND President Don Morgan says the coin is designed to capitalize on recent changes in federal law and secure the “continued health, resilience, and relevancy of the North Dakota financial industry for its citizens.”
Governor Kelly Armstrong says the “new financial frontier is here,” with the Bank of North Dakota and Fiserv poised to help North Dakota’s financial institutions embrace new ways of moving money.
North Dakota is the second US state to develop a custom stablecoin.
Wyoming’s Frontier Token is already live on seven blockchains, designed to tackle broad uses like instant payments, tax refunds, vendor settlements and public disbursements.
Generated Image: DALLE3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pinterest is testing AI-driven custom boards tailored to individual users

Mercor's valuation surges fivefold to $10 billion after securing $350 million in Series C funding
Threads introduces 'ghost posts' that vanish within 24 hours

Apple announces that digital versions of US passports will be available in Wallet in the near future
