The state of North Dakota is partnering with Fiserv to launch ‘Roughrider,’ a state-backed stablecoin designed for enhanced efficiency within its financial ecosystem. This move signifies North Dakota’s leadership in exploring and implementing blockchain technology for state financial operations. Unlike public cryptocurrencies like Ethereum or Bitcoin, the Roughrider stablecoin will operate on a private, regulated platform and won’t impact those markets. The Bank of North Dakota, alongside Fiserv, is spearheading this initiative, which aims to streamline transactions and improve efficiency within the state. Experts believe this innovation could pave the way for wider adoption of state-backed digital currencies, potentially leading to greater efficiencies in public finance across the nation.