Fiserv went live with its new system for stablecoins, rolling out the Roughrider Coin backed by Bank of North Dakota. VersaBank issued the coin, Fireblocks provides digital asset infrastructure, and Solana blockchain carries transactions.
The debut marks “a significant milestone in the commercialization of stablecoin-enabled banking and payments.” The system enables more efficient money movement across North Dakota’s interbank network. Some 90 financial institutions will have access for bank-to-bank transfers.
Fiserv CEO Takis Georgakopoulos faces pressure from activist investor Jana Partners to divest parts of the business. Last June, Fiserv said it would launch its own stablecoin FIUSD across 10,000 financial institutions and six million merchant locations — no mention of FIUSD in Thursday’s release.
The platform enables financial institutions, companies, marketplaces and fintechs to use stablecoins, issue payment cards tied to stablecoins, automate treasury tasks, support tokenized deposits, and currency exchange.
North Dakota became the second US state to launch its own digital currency after Wyoming’s Frontier Stable Token (August 2025), following Congress’s Genius Act providing federal stablecoin framework.