Guess Who’s Launching a State-Backed Cryptocurrency? 🤔

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In the wide, open spaces of North Dakota, where the winds whisper tales older than the hills and the rivers carve paths through the land like dreams through the mind, the Bank of North Dakota, in cahoots with the big-shot Fiserv, is fixing to launch the Roughrider Coin. The first of its kind, a state-backed stablecoin, rolling through the plains like a wild mustang. Hear that? That’s the future coming down the track.

They’re planning to set this contraption loose on the Fiserv digital platform, and every cent of it as solid as the prairie soil, backed by good ol’ US dollars. By 2026, it’ll be the talk of the yeehaw in North Dakota banks and credit unions, making bank-to-bank haggling, overseas payments, and merchant dealings smoother than a river stone.

Now here comes Governor Kelly Armstrong, a man with vision clear as the sky on a Dakota morning, talking ’bout needing a more efficient financial rodeo. “With our very own Roughrider Coin,” he says, “we are pedaling into a future as exciting and daring as a western saga-backed by nothin’ less than sound coin.”

Fiserv, the behemoth that juggles over 90 billion transactions sweating it out with 10,000 banks, is the brains behind the blockchain, giving Roughrider Coin its sturdy backbone.

The bigwig at Fiserv, COO Takis Georgakopoulos, chimed in, saying they’re marrying the reliability of old-school finance with the spunk of blockchain. “Think of it as a bank ledger and the internet’s promise all rolled into one, delivering payments faster than a prairie fire,” he declared.

Stablecoin Market Crosses $300B While the World Gazes in Awe

The Roughrider Coin is jumping onto the stage just as the global stablecoin market, like a wild mustang running free, passes the $313 billion bar faster than most wagons around a saloon.

Total Stablecoin Market Capitalization (STABLE.C) sees a 21% gain from July 7 to October 8, 2025 | TradingView

With Uncle Sam easing up the reins on regulations, the world’s stablecoin riders are stampeding in, bringing business to the stablecoin town. Tether and Circle are chasin’ new frontiers with Layer-1 chains. Meanwhile, the newcomer to the rodeo, Trump-backed USD1, roped in $2.3 billion in market cap faster than you can say “shootout at the OK Corral.”

Those canny Europeans weren’t about to be left out; they came together in the fall, waving their Union Jacks high, launching a euro stablecoin straight from their pocket’s depths.

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2025-10-09 03:39