North Dakota's Roughrider Coin Goes Live on Fiserv's Solana Platform

North Dakota's financial landscape has taken a significant step forward with the launch of Roughrider Coin, a dollar-backed stablecoin running on Solana inside Fiserv's banking platform.

The coin is now live with over 90 banks and credit unions in North Dakota, providing them with a new way to move money between each other. This development comes as financial institutions face questions about how stablecoins should be backed, supervised, and presented to customers.

Roughrider Coin uses Fiserv's issuance, reserve, custody, and settlement infrastructure, with VersaBank issuing the coin and handling custody. Fireblocks supplies digital asset infrastructure and tokenization services, while transactions are processed on Solana.