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North Dakota Introduces Roughrider Coin, a State-Backed Digital Dollar

Key Takeaways

  • ​North Dakota plans to launch Roughrider Coin in 2026, a US dollar–backed digital currency for use by state banks and credit unions;
  • The stablecoin is built in partnership with Fiserv and aims to improve bank transfers, business payments, and global transactions;
  • Named after Roosevelt’s Rough Riders, the stablecoin demonstrates North Dakota’s push toward a safer, modern financial system.

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North Dakota Introduces Roughrider Coin, a State-Backed Digital Dollar

North Dakota is preparing to introduce a digital currency called Roughrider Coin, backed by the US dollar.

According to a press release on October 8, this new initiative is being developed by the state’s public bank in collaboration with Fiserv, a payment technology company.

Roughrider Coin is expected to become available in 2026, but it will not be aimed at the general public right away. Instead, local banks and credit unions will be the first to use it.

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The goal is to make bank-to-bank transactions easier, help businesses accept payments, and support international transfers.

The stablecoin takes its name from Theodore Roosevelt’s Rough Riders, a cavalry group he led during the Spanish-American War. Roosevelt, who was president from 1901 to 1909, spent part of his life in North Dakota after his time in office.

Fiserv, the company helping build the stablecoin’s platform, handled about 35 billion merchant transactions in 2022. In June, it launched a system allowing banks to issue their own branded stablecoins.

Roughrider Coin will use Fiserv's system and is expected to work alongside other tokens that are also backed by real money.

Governor Kelly Armstrong stated that issuing a digital currency backed by actual US dollars demonstrates the state's forward-thinking approach to creating a safer and more effective financial system.

On September 25, Cloudflare announced plans to introduce a new digital currency called NET Dollar. What is it? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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