North Dakota will introduce a dollar backed stablecoin called Roughrider through a collaboration between the state owned Bank of North Dakota and payments technology provider Fiserv. The digital currency takes its name from Theodore Roosevelt and his Rough Riders.
Financial institutions across North Dakota will gain access to the stablecoin in 2026. The initiative seeks to streamline transactions between banks, facilitate international money transfers, and drive uptake among merchants.
North Dakota follows Wyoming in state backed digital currency issuance. Wyoming launched the Frontier Stable Token in August, deploying across seven blockchain networks with a goal of nationwide adoption.
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