The Bank of North Dakota (BND) has announced a partnership with payments infrastructure giant Fiserv (FI) to introduce a U.S. dollar-backed stablecoin, dubbed “Roughrider Coin.” The digital asset will serve as a regulated payment and settlement solution for banks, credit unions, and merchants across the state.
Slated for launch in 2026, Roughrider Coin will be built on Fiserv’s digital asset platform and integrate directly into the company’s FIUSD system a white-label stablecoin infrastructure tailored for regulated financial institutions.
The initiative is designed to streamline interbank transactions, enhance cross-border payments, and promote merchant adoption of blockchain-based finance within a compliant framework.
Bridging traditional finance and blockchain innovation
Fiserv, which processes over 90 billion transactions annually for 10,000 financial institutions, is positioning itself as a key link between legacy financial systems and emerging blockchain technologies.
The collaboration with North Dakota underscores Fiserv’s commitment to supporting regulated digital asset adoption. The company’s stablecoin issuance platform, launched in June on the Solana (SOL) blockchain, marked its first major step into the fast-growing stablecoin market.
Stablecoins have become a cornerstone of blockchain-based finance, enabling faster, cheaper, and programmable money transfers. The global stablecoin supply has surged to $293 billion, expanding nearly 70% year-over-year, driven by institutional interest and regulatory clarity.
Regulatory clarity drives U.S. state-level adoption
The growth of U.S. stablecoin initiatives follows the enactment of the GENIUS Act, signed by President Donald Trump in July 2025. The legislation introduced a federal framework for stablecoin issuers, providing a legal pathway for banks and credit unions to integrate blockchain-based assets into their services.
North Dakota’s move mirrors similar efforts by Wyoming, which launched its Frontier Stable Token earlier this year currently undergoing live testing. These initiatives reflect a broader trend among U.S. states exploring regulated crypto innovation to modernize public finance infrastructure.