North Dakota will introduce the 'Roughrider coin,' its own state-backed stablecoin, in 2026 through a partnership with Fiserv and the Bank of North Dakota.
- The 'Roughrider coin' will be the first state-issued stablecoin in the U.S., marking a significant step in digital asset innovation.
- Fiserv, a major financial services firm with a market cap of $68.86 billion, will collaborate with the Bank of North Dakota for this project.
- Governor Kelly Armstrong has endorsed the initiative, aiming to enhance North Dakota's position in the digital currency and fintech sectors.
Why It Matters
This pioneering move by North Dakota reflects a growing trend among U.S. states to explore blockchain and cryptocurrency solutions, potentially reshaping the financial landscape and offering new opportunities for state-owned enterprises.