North Dakota’s first dollar‑backed stablecoin just went live on Fiserv’s platform.
On October 1, Milwaukee‑based Fiserv announced its digital asset platform is live with financial institutional clients, and Bank of North Dakota’s Roughrider Coin is the first product running on it.
Roughrider Coin settles on Solana and gives more than 90 banks and credit unions in the state a new way to move money between each other via Fiserv’s Commercial Center, the system already used for traditional interbank transfers.
VersaBank will issue the stablecoin and handle custody—including minting, burning and reserve management—while Fireblocks provides tokenization services and transactions are processed on the Solana blockchain.
Fiserv says the platform also supports stablecoin card issuance, cross‑border payments, programmable commerce and treasury automation for banks, corporates, marketplaces and fintechs.
Do you think regulated stablecoins will become mainstream in U.S. banking?
#Stablecoin #FinTech #DigitalPayments #BankingInnovation
On October 1, Milwaukee‑based Fiserv announced its digital asset platform is live with financial institutional clients, and Bank of North Dakota’s Roughrider Coin is the first product running on it.
Roughrider Coin settles on Solana and gives more than 90 banks and credit unions in the state a new way to move money between each other via Fiserv’s Commercial Center, the system already used for traditional interbank transfers.
VersaBank will issue the stablecoin and handle custody—including minting, burning and reserve management—while Fireblocks provides tokenization services and transactions are processed on the Solana blockchain.
Fiserv says the platform also supports stablecoin card issuance, cross‑border payments, programmable commerce and treasury automation for banks, corporates, marketplaces and fintechs.
Do you think regulated stablecoins will become mainstream in U.S. banking?
#Stablecoin #FinTech #DigitalPayments #BankingInnovation
