Pilot pending ND Industrial Commission approval (Mar 25, 2026 meeting)
ROUGHRIDER
North Dakota's Bank of North Dakota — the only state-owned bank in the US — is building a wholesale stablecoin on Solana via Fiserv's infrastructure. Roughrider Coin is designed for bank-to-bank settlement, not consumer wallets, backed by USD reserves and 93-day Treasury notes. The pilot is pending ND Industrial Commission approval, making this one of the rare stablecoins whose launch date depends on a state government meeting agenda rather than a Discord vote. As the second US state stablecoin after Wyoming's FRNT, Roughrider represents an emerging pattern: state treasurers discovering that blockchain settlement is cheaper than correspondent banking, even if the branding choices remain firmly rooted in local pride.
Updated 2026-03-17
Active stablecoins with similar governance, backing, or peg currency.
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 coin. This digital asset, backed by the U.S. dollar, will improve efficiency and quality control in the banking sector, a direct Show more
