North Dakota Partners With Fiserv to Launch USD-Backed Roughrider Stablecoin as Digital Dollar Adoption Grows

North Dakota is entering the stablecoin market through a strategic partnership between the state-owned Bank of North Dakota and financial technology leader Fiserv (FI). The collaboration will introduce "Roughrider Coin," a U.S. dollar-pegged stablecoin specifically designed for financial institutions across the state, scheduled for launch next year. The stablecoin will operate on Fiserv's advanced digital asset platform and integrate with their white-label FIUSD system, a specialized stablecoin network built for regulated banking environments. According to the official announcement, the token aims to enhance interbank transactions, facilitate global money transfers, and accelerate merchant adoption of digital payments. This development follows Fiserv's recent expansion into the stablecoin sector with their cryptocurrency issuance platform on Solana (SOL). Stablecoins continue gaining traction as efficient, cost-effective programmable alternatives for blockchain-based financial operations. The stablecoin market has demonstrated remarkable growth, surging 70% over the past year to reach $293 billion in valuation. This accelerated expansion received significant support from the GENIUS Act, federal legislation signed by President Donald Trump in July that established comprehensive regulatory frameworks for stablecoin issuers and enabled financial institutions to legally adopt blockchain technology. North Dakota follows Wyoming's pioneering approach to state-level cryptocurrency initiatives. Wyoming recently launched its Frontier Stable Token earlier this year, currently undergoing testing phases. Fiserv, processing over 90 billion annual transactions for 10,000 financial institutions worldwide, continues positioning itself as a crucial bridge connecting traditional finance with emerging blockchain technologies.