North Dakota will introduce a dollar-backed stablecoin called Roughrider through a collaboration between the state-owned Bank of North Dakota and payment technology provider Fiserv. The digital currency takes its name from Theodore Roosevelt and his Rough Riders.
Financial institutions in North Dakota will have access to stablecoin in 2026. The initiative aims to streamline transactions between banks, facilitate international money transfers, and drive merchant adoption.
North Dakota follows Wyoming in issuing state-backed digital currency. Wyoming launched the Frontier Stable Token in August, deployed across seven blockchain networks with the goal of nationwide adoption.
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