North Dakota Enters Crypto Frontier With State-Backed Stablecoin
A state-issued stablecoin is now in development in North Dakota.
The state-owned Bank of North Dakota (BND) has partnered with payments giant Fiserv to launch Roughrider Coin in 2026.
This US dollar-pegged token promises instant, secure transfers for local banks and credit unions, slashing days-long waits to seconds.
Fully backed by reserves, the coin will honor Theodore Roosevelt’s legendary Rough Riders cavalry.
BND President Don Morgan says the coin is designed to capitalize on recent changes in federal law and secure the “continued health, resilience, and relevancy of the North Dakota financial industry for its citizens.”
Governor Kelly Armstrong says the “new financial frontier is here,” with the Bank of North Dakota and Fiserv poised to help North Dakota’s financial institutions embrace new ways of moving money.
North Dakota is the second US state to develop a custom stablecoin.
Wyoming’s Frontier Token is already live on seven blockchains, designed to tackle broad uses like instant payments, tax refunds, vendor settlements and public disbursements.
Generated Image: DALLE3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Avail’s Nexus Bridges Liquidity Across 12 Blockchains, Tackling Fragmentation
- Avail's Nexus Mainnet launches as a cross-chain execution layer unifying liquidity across 12 blockchains including Ethereum and BNB Chain. - The intent-solver architecture automates optimal routing while aggregating liquidity from multiple chains through Avail's data availability layer. - Developers gain simplified cross-chain integration via SDKs and APIs, enabling real-time collateral pools and intent-based trading without managing bridges. - With Solana integration planned and Infinity Blocks roadmap
Ethereum News Update: Ethereum Drives Institutional Transformation with Amundi Tokenizing Major Fund
- Amundi tokenizes a money market fund on Ethereum , signaling institutional adoption of blockchain-based asset management. - Ethereum's upgrades like PeerDAS and Bhutan's $970k ETH staking highlight growing institutional trust in its infrastructure. - CoinShares' $250M Bitcoin Miners ETF and global digital ID initiatives underscore tokenization's role in modernizing finance. - Ethereum's $3,100 price resistance and technical indicators suggest potential for long-term resilience amid scaling improvements.
Hyperliquid News Today: Hyperliquid Adopts Tidewater’s Strategy to Streamline Crypto Risk Management
- Hyperliquid introduces automated downsizing to stabilize HYPE, which dropped 52% from its peak. - Strategy mirrors Tidewater Renewables' capacity management, balancing short-term volatility with long-term stability. - Hyperliquid Strategies DAT plans $300M HYPE buybacks to inject liquidity and institutional-grade risk frameworks. - Market faces $1.89B+ liquidation risks if Bitcoin/Ethereum surge, prompting automated buffers to prevent cascading sell-offs. - Approach reflects growing DeFi adoption of algo
The Unexpected COAI Price Decline: Key Lessons for Investors from the November 2025 Market Turbulence
- COAI Index's 88% November 2025 collapse stemmed from C3.ai governance failures, regulatory ambiguity, and panic-driven herd behavior. - Market psychology amplified losses as investors overreacted to AI sector risks, ignoring fundamentals and triggering liquidity crises. - Diversification, cash reserves, and AI-driven tools helped mitigate risks, emphasizing long-term strategies over speculative hype. - The crisis exposed dangers of overreliance on AI/DeFi narratives, urging disciplined, diversified portf
Trending news
MoreCrypto prices
More
