The move puts the state at the forefront of a growing trend in which governments and local authorities are exploring digital dollars to improve the efficiency of financial operations.
Initially, Roughrider Coin will serve banks and credit unions, supporting interbank lending, overnight lending and infrastructure financing. The initiative reflects a broader effort to modernize traditional finance with blockchain technology.
Bringing digital dollars to local banks
Stablecoins are digital assets linked to a traditional currency, usually the US dollar. They combine the stability of cash with the speed and transparency of blockchain transactions. Roughrider Coin will be fully backed by US dollars, ensuring that each token can be exchanged for one dollar. This support provides stability and confidence, which is crucial for financial institutions.
The Bank of North Dakota has always been an innovator and today we announced a partnership with Fiserv to develop ND’s own stablecoin, the Roughrider. This digital asset, backed by the US dollar, will improve the efficiency and quality control of the banking sector, a direct consequence… pic.twitter.com/1yIB9A3Zr9
– Governor Kelly Armstrong (@GovArmstrong) October 8, 2025
For North Dakota banks, Roughrider Coin could streamline loan and liquidity management. Interbank loans and overnight loans often require complex settlement processes that can take hours or even days. By using a blockchain-based stablecoin, these transactions could be settled almost instantly, reducing operational costs and increasing transparency.
For example, in New York, several banks have already started using blockchain solutions for interbank settlements, demonstrating how digital dollars can speed up financial operations while reducing risks. Here is an example:
Boom! “Citi invested in stablecoin infrastructure company @BVNKFinanceas major US banks strengthen their presence in cryptocurrencies and digital assets. pic.twitter.com/W62S75ohGJ
– Jevgenijs Kazanins (@jevgenijs) October 9, 2025
Future plans and wider impact
Although Roughrider Coin is initially intended for financial institutions, there are plans to expand its use. Eventually, residents could open stablecoin deposit accounts, providing a digital dollar option for everyday banking. This reflects a recent trend in which U.S. states and municipalities are exploring digital currencies to improve financial inclusion and efficiency. According to a 2025 report from the Federal Reserve, interest in digital dollar projects has been growing, with more than a dozen pilot programs underway across the country.
Roughrider Coin also aligns with broader movements in decentralized finance, where stablecoins play a critical role in commerce, lending and payments. By starting at the institutional level, North Dakota can ensure the system is robust and secure before opening it to the public.
Disclaimer
The information discussed by Altcoin Buzz does not constitute financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies presented are the thoughts and opinions of the editors/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur as a result of any investment directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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