Fiserv, Inc., a global leader in payments and financial services technology, has partnered with the Bank of North Dakota to introduce the Roughrider Coin, North Dakota’s first stablecoin, set to launch in 2026. Fully backed by U.S. dollars, this stablecoin will operate on Fiserv’s digital asset platform, marking a pioneering step in state-backed digital currencies. The finance card above shows Fiserv’s stock price at $127.40 USD, up slightly from the previous close of $126.51 USD.
Named after Theodore Roosevelt’s Rough Riders, the Roughrider Coin is designed to enhance interbank transactions, streamline global payments, and drive merchant adoption within North Dakota’s financial ecosystem. Available to banks and credit unions in 2026, it builds on Fiserv’s FIUSD digital asset platform, launched in June 2025 alongside a white-label stablecoin. The platform ensures interoperability, compliance, and efficiency, supporting Fiserv’s 10,000 financial institution clients and six million merchant locations processing 90 billion transactions yearly.
Governor Kelly Armstrong emphasized the initiative’s significance: “As one of the first states to issue our own stablecoin backed by real money, North Dakota is taking a cutting-edge approach to creating a secure and efficient financial ecosystem for our citizens.” The Roughrider Coin aligns with federal guidance on stablecoins, offering a regulated, blockchain-based solution for faster, cheaper transfers. Takis Georgakopoulos, COO at Fiserv, added, “We’re bringing together the reliability of traditional finance and the innovation of blockchain to deliver faster and smarter digital payments.”
As shown in the finance card above, Fiserv’s stock (NYSE: FI) is priced at $127.40 USD, with a market cap of $68.87 billion. The stock has experienced a year-to-date decline from a high of $238.59 to a low of $124.89, reflecting market volatility. However, Fiserv’s robust infrastructure and strategic partnerships, like this one with the Bank of North Dakota, position it to capitalize on the growing $150 billion stablecoin market, projected to expand significantly by 2030.
The Bank of North Dakota, the only state-owned bank in the U.S. with over $10 billion in assets, continues its 106-year legacy of supporting agriculture, commerce, and industry. Don Morgan, CEO, stated, “The development of the Roughrider coin reflects that commitment, capitalizes on recent changes in federal law, and ensures the continued health, resilience, and relevancy of the North Dakota financial industry.” The coin, pending approval from the North Dakota Industrial Commission, will facilitate instant money transfers and enhance local banking competitiveness.
Following Wyoming’s Frontier Stable Token, North Dakota’s Roughrider Coin positions the state as a leader in U.S. blockchain adoption. By leveraging Fiserv’s FIUSD platform, the initiative ensures interoperability with other digital assets, fostering a scalable and compliant payment ecosystem. This move aligns with a broader trend of state-level experimentation with digital currencies, potentially setting a precedent for other states.
For more details on the FIUSD platform, visit https://bit.ly/FIUSD.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world’s smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index, one of TIME Magazine’s Most Influential Companies™, and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com for more information.
Bank of North Dakota (BND) is the only state-owned bank in the United States. Since 1919, its mission to deliver quality, sound financial services that promote agriculture, commerce and industry has driven numerous initiatives for the residents of North Dakota to improve quality of life and the state’s economy. With just over $10 billion in assets, the Bank acts as a growth catalyst for North Dakota through partnering with the state’s financial institutions, leads special Legislative programs to fulfill on state strategies, helps North Dakota kids through secondary education, and is there when needed during hardships and disasters.
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