On October 8, 2025, Fiserv announced a partnership with the Bank of North Dakota to develop the state’s first USD‑backed stablecoin, Roughrider Coin. The partnership positions Fiserv as the core banking services provider for the project, leveraging its digital‑asset platform to issue the token.
Roughrider Coin will be issued on Fiserv’s digital asset platform and fully backed by U.S. dollars, enabling local banks and credit unions to offer a stablecoin for payments and settlements. The initiative follows the Wyoming Frontier Stable Token and marks the second U.S. state to issue a government‑backed stablecoin.
The launch expands Fiserv’s presence in the growing digital‑asset market and provides a new revenue stream from transaction fees and platform licensing. It also strengthens the company’s portfolio of embedded finance solutions, positioning it to capture demand from state‑backed digital currencies.
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