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Bank of North Dakota to Launch State’s First Stablecoin

By Bill Dubensky Oct 9, 2025 | 5:45 AM

Don Morgan, president of the Bank of North Dakota. (Photo by Michael Achterling/North Dakota Monitor)

 

(North Dakota Monitor) – The Bank of North Dakota said it plans to launch the Roughrider coin, the state’s first stablecoin.

Stablecoin is a type of cryptocurrency that can facilitate instant money transfers, streamline bank-to-bank transactions and, potentially, be used by North Dakotans in daily life down the road. Unlike bitcoin, stablecoin is not subject to volatile price swings because it’s backed by conventional financial assets, overwhelmingly the U.S. dollar.

North Dakota’s state-owned bank is partnering with Fiserv, a Fortune 500 financial technology company, to introduce stablecoin into the state’s banking system, officials announced at a conference in Bismarck.

Bank of North Dakota President and CEO Don Morgan said the move aims to ensure “the continued health, resilience and relevancy” of North Dakota banks and credit unions.

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