North Dakota plans to launch the stablecoin "Roughrider Coin" next year

Jinse Finance reported, citing Bloomberg, that North Dakota plans to launch the stablecoin "Roughrider Coin" in 2026, which may make it the second U.S. state to issue a state-level stablecoin after Wyoming. Reportedly, the stablecoin will be fully backed by the U.S. dollar and will initially be used mainly for financial transactions such as loan issuance, overnight lending, and construction financing between banks and credit unions within the state. The initiative is led by the Bank of North Dakota in collaboration with Fiserv, which will utilize the technology platforms of Paxos and Circle.