{"id":21589,"date":"2025-10-08T22:25:06","date_gmt":"2025-10-08T22:25:06","guid":{"rendered":"https:\/\/finderica.com\/?p=21589"},"modified":"2025-10-08T22:25:06","modified_gmt":"2025-10-08T22:25:06","slug":"north-dakota-plans-to-issue-its-own-stablecoin-paymentssource","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=21589","title":{"rendered":"North Dakota plans to issue its own stablecoin | PaymentsSource"},"content":{"rendered":"<p><\/p>\n<div>\n<ul class=\"rte2-style-ul\">\n<li><b>Key insight<\/b>: North Dakota is joining Wyoming as states issuing stablecoins.\u00a0<\/li>\n<li><b>What&#8217;s at stake<\/b>: Fiserv, the state&#8217;s partner, is looking to scale its stablecoin platform.<\/li>\n<li><b>Forward look<\/b>: Hundreds of banks and other firms are considering launching their own stablecoins.\u00a0<\/li>\n<\/ul>\n<p>North Dakota plans to issue its own stablecoin in collaboration with Fiserv, providing an early jolt for the bank technology company&#8217;s stablecoin strategy and adding another state that will issue its own digital currency.\u00a0<br \/>The Roughrider coin, named for <ps-link><a href=\"https:\/\/study.com\/buy\/learn\/lesson\/teddy-roosevelt-rough-riders-battle-of-san-juan-hill.html?src=ppc_bing_nonbrand&amp;rcntxt=aws&amp;crt=&amp;kwd=SEO-PPC-BUY&amp;kwid=dat-2329040505886940:loc-190&amp;agid=1235851302596746&amp;mt=b&amp;device=c&amp;network=o&amp;_campaign=SeoPPC&amp;msclkid=dcbc9d4635c8106a78bff5a082950e73\" class=\"Link\" target=\"_blank\" rel=\"noopener\"><u>Theodore Roosevelt and the Rough Riders<\/u><\/a><\/ps-link>, will be available to banks and credit unions in early 2026, and is partly designed to support <ps-link><u>account-to-account payments<\/u><\/ps-link>, among other emerging use cases for <ps-link><u>stablecoin payments<\/u><\/ps-link>. The Bank of North Dakota, a state-operated bank and depository institution for state funds,\u00a0will issue the Roughrider coin, using Fiserv&#8217;s digital asset platform. Interest in stablecoins has heated up following the passage of the GENIUS Act in July. Hundreds of banks, fintechs and other organizations have begun work on potentially <ps-link><u>issuing their own stablecoins<\/u><\/ps-link>, individually or as part of a consortium. This would add new groups of issuers to a cryptocurrency company-dominated market for stablecoins.<\/p>\n<p>Interoperability is considered important in a market with a potential glut of stablecoin options, and North Dakota&#8217;s stablecoin is expected to be interoperable with other digital currencies, according to a release. Spokespeople for North Dakota and Fiserv did not comment before deadline.\u00a0<\/p>\n<p>&#8220;As one of the first states to issue our own stablecoin backed by real money, North Dakota is taking a cutting-edge approach to creating a secure and efficient financial ecosystem for our citizens,&#8221; said North Dakota Governor Kelly Armstrong, in a release. North Dakota is an early user of Fiserv&#8217;s stablecoin technology. Fiserv in June announced it would launch its own stablecoin, <ps-link><u>FIUSD<\/u><\/ps-link>, and make it part of the company&#8217;s bank technology menu, which also includes a digital asset technology platform. Fiserv has also partnered with PayPal and Circle to scale FIUSD, Circle&#8217;s USDC and PayPay&#8217;s PYUSD.\u00a0<\/p>\n<p>Since Fiserv&#8217;s client roster includes thousands of banks, the firm is addressing concerns that stablecoins could drain traditional bank deposits.\u00a0<\/p>\n<p>&#8220;Whereas Fiserv is clearly moving aggressively to counter the risk that stablecoins will co-opt its financial institution customers&#8217; deposit bases, impairing growth, we think the stablecoin ecosystem will take time to evolve, likely forcing early participants to adjust strategy on the fly,&#8221; analysts at William Blair said in a research note on Fiserv&#8217;s stablecoin strategy, noting Fiserv&#8217;s stablecoin and related technology could help it retain small- to medium-size banks.\u00a0<\/p>\n<p>There are also reasons North Dakota would want a stablecoin, namely the improved transaction processing that would come with it.\u00a0<\/p>\n<p>&#8220;The reasons that a state, or any other government, would want to use stablecoins is the same as for any business. There is a hope that stablecoins will drive down transaction costs and streamline money movement,&#8221; Aaron Press, research director for\u00a0Worldwide Payment Strategies, told American Banker.\u00a0\u00a0<\/p>\n<p>North Dakota&#8217;s stablecoin follows <ps-link><u>Wyoming&#8217;s Frontier Stable Token<\/u><\/ps-link>, which launched in August through a partnership with Ava Labs&#8217; Avalanche and Rain, two technology companies that specialize in blockchain and stablecoins. <\/p>\n<p>In an earlier interview, Anthony Apollo, executive director of the Wyoming Stable Token Commission, told American Banker Wyoming&#8217;s FRNT would support disaster recovery funding, disbursements and funding for schools. Apollo also drew a distinction between state stablecoins and central bank digital currencies, saying state coins do not involve issuing new money but instead represent a tokenized version of existing bank accounts.\u00a0<\/p>\n<p>&#8220;I can also see how a government would be interested in the transparency inherent in blockchain-based transactions,&#8221; Press said. &#8220;North Dakota may also be thinking about the value of stablecoins for cross-border payments, especially given their commodity heavy economy and the importance of trade, and thus trade finance.&#8221;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.americanbanker.com\/payments\/news\/north-dakota-plans-to-issue-its-own-stablecoin\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key insight: North Dakota is joining Wyoming as states issuing stablecoins.\u00a0 What&#8217;s at stake: Fiserv, the state&#8217;s partner, is looking to scale its stablecoin platform. Forward look: Hundreds of banks and other firms are considering launching their own stablecoins.\u00a0 North Dakota plans to issue its own stablecoin in collaboration with Fiserv, providing an early jolt<\/p>\n","protected":false},"author":1,"featured_media":21590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[218],"tags":[8464,3301,3017,250,375,1131],"class_list":{"0":"post-21589","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"tag-dakota","9":"tag-issue","10":"tag-north","11":"tag-paymentssource","12":"tag-plans","13":"tag-stablecoin"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21589"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/21590"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}