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 state-backed stablecoin. Fully supported by U.S. dollars, Roughrider will be the first stablecoin issued by a U.S. state on the Fiserv digital asset platform.
Named in honor of Theodore Roosevelt and his Rough Riders, the Roughrider coin is designed to make bank-to-bank transactions smoother, encourage cross-border money movement, and support merchant adoption. The coin will be available to banks and credit unions across North Dakota in 2026.
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The Roughrider coin will operate on the Fiserv digital asset platform, which was launched earlier this year along with a white-label stablecoin, FIUSD. This platform offers financial institutions a more efficient, interoperable way to handle digital asset payments. Roughrider will also be compatible with other coins on the platform, providing even greater flexibility.
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“North Dakota is stepping into a new era of finance by issuing its own stablecoin backed by real money,” said Governor Kelly Armstrong. “Through this partnership with the Bank of North Dakota and Fiserv, our state’s financial institutions can embrace modern, secure ways to move money. The Roughrider coin represents the future of finance in our state.”
With a client base of around 10,000 financial institutions and six million merchant locations processing 90 billion transactions annually, Fiserv brings unmatched experience in integrating digital assets for both banks and merchants. This makes the company an ideal partner to help drive adoption of the Roughrider coin.
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“We’re entering a new era where payments are instant, interoperable, and borderless,” said Takis Georgakopoulos, COO of Fiserv. “Roughrider Coin combines the trust and reliability of traditional finance with the innovation of blockchain, enabling faster, smarter digital payments. North Dakota’s leadership in this initiative shows how forward-thinking policy can drive real progress in digital finance.”
Don Morgan, CEO of the Bank of North Dakota, added, “For over a century, we’ve supported North Dakota’s agriculture, commerce, and industry through strong financial partnerships. Roughrider reflects that commitment, leverages recent federal legal changes, and ensures our financial industry remains strong, resilient, and relevant for the people of North Dakota.”
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