North Dakota to Launch ‘Roughrider’ Stablecoin by 2026

North Dakota is set to launch its state-backed stablecoin, the ‘Roughrider’, in 2026. This initiative aims to streamline interbank transactions within the state’s financial system. The stablecoin will be issued by the Bank of North Dakota, partnered with fintech firm Fiserv, utilizing technology from Paxos and Circle. Governor Kelly Armstrong sees this as a major step towards integrating stablecoins into regulated financial systems, particularly for institutional payments.