North Dakota Launches State-Backed Stablecoin with Fiserv

North Dakota and Fiserv have teamed up to launch a state-backed stablecoin, aiming to improve efficiency and quality control in banking. This initiative, the ‘Roughrider’ project, marks a pioneering step for state government adoption of digital currencies. The Bank of North Dakota is leading the project with support from Fiserv, the financial technology company. Governor Kelly Armstrong emphasized the potential benefits for residents: ‘The Roughrider coin offers a cutting-edge approach to enhance banking sector efficiency and quality control’. !