Imagine a financial showdown in the Wild West of digital currency, where states vie for the crown of crypto pioneer.
North Dakota is stepping into blockchain territory with its own dollar-backed stablecoin launching next year, the Roughrider Coin.
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This move marks North Dakota as the second state after Wyoming to saddle up and issue a state-backed digital dollar alternative.
Teaming up
As industry prominents shared, the Roughrider Coin is named after Theodore Roosevelt’s legendary cavalry unit, the Rough Riders, paying tribute to a frontier spirit of innovation and no-nonsense grit.
The Bank of North Dakota, the nation’s only state-owned bank, is teaming up with payments company Fiserv to launch this stablecoin on Fiserv’s new platform, which already services about 10,000 financial institutions and 6 million merchants processing 90 billion transactions a year.
Crypto laws
Governor Kelly Armstrong brags that North Dakota is blazing a trail by issuing a stablecoin backed by real money to boost secure, efficient financial systems for the state’s banks and credit unions.
The plan? To boost bank-to-bank transactions, facilitate global money moves, and get merchants comfy with this digital greenback.
Unlike Wyoming’s Frontier Stable Token, the FRNT, which charges its way across seven blockchains with a 2% overcollateralization safety net, Roughrider stays snug within Fiserv’s platform, offering interoperability with other coins there but shrouding its blockchain secrets in mystery.
Wyoming’s FRNT, the first in this race, launched aggressively with backing from U.S. dollars and government bonds, promising a safer harbor than the chaotic sea of private stablecoins like USDC or USDT.
Wyoming Governor Mark Gordon flaunts the state’s blockchain prowess, highlighting over 45 crypto laws passed.
Digital financial frontier
States are staking their claims in the stablecoin gold rush, leveraging government backing to add credibility and regulatory clarity in a market largely ruled by private players.
But the big question remains, can these government-backed coins really muscle into a market dominated by private giants?
So, saddle up and watch this, North Dakota’s Roughrider Coin promises to be a real wild ride in the new digital financial frontier, where states aim to bring the Old West spirit into the 21st-century blockchain arena.
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Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 10, 2025 • 🕓 Last updated: October 10, 2025
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