North Dakota Set to Launch State-Issued Stablecoin

Following Wyoming’s pioneering efforts, North Dakota is poised to become the second U.S. state to issue a stablecoin. The new currency, called “Roughrider Coin,” is being developed for interbank transactions as part of an ongoing exploration of digital tokens within the nation’s financial system. The coin’s name pays homage to the volunteer cavalry led by Theodore Roosevelt during the Spanish-American War and is expected to launch next year in collaboration between the Bank of North Dakota, the only state-owned bank in the U.S., and Fiserv Inc.