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>>North Dakota plans to introduce a digital currency, the Roughrider Coin, in 2026, which could disrupt the stablecoin market currently led by USDT.

North Dakota plans to introduce a digital currency, the Roughrider Coin, in 2026, which could disrupt the stablecoin market currently led by USDT.

crypthub

about 18 hours ago

Introduction to Roughrider Coin

North Dakota is launching Roughrider Coin, a dollar-backed stablecoin, in 2026 through a partnership with Fiserv and the Bank of North Dakota. This token is designed for banks and credit unions, focusing on interbank settlement, merchant payments, and cross-border transfers, with reserves matching token supply. The initiative signals a modern approach to financial ecosystem development for North Dakota citizens.

Functionality and Implementation

Roughrider Coin will utilize Fiserv’s digital asset platform, expecting interoperability with other stablecoins. Implementation involves assessing requirements, integrating payment rails, piloting transactions, and eventually scaling production for regular settlement. Banks and credit unions in North Dakota are the initial targets for adoption, aiming for faster settlement and streamlined reconciliation.

Strategic Goals and Context

The launch aims to modernize payment rails and improve liquidity for local financial institutions. This token joins a growing list of state-issued stablecoins and reflects a maturation of the stablecoin ecosystem. The name, referencing Theodore Roosevelt’s Rough Riders, connects to North Dakota's history.