×

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.

Mike Lindell Says He's Dropping Legal Challenge, Endorsing Lisa Demuth
(KNOX) - MyPillow founder Mike Lindell says he is dropping his legal challenge about voting irregularities he claimed in the Minnesota GOP gubernatorial primary. Lindell lost in the primary, and he says he will be supporting GOP nominee and Minnesota...
Oct 19, 2026
South Dakota Man Has Bond Set At $1 Million In Connection To Incident Where Woman Suffered Life Threating Injuries In Rural South Fargo
(KNOX) - The 60-year-old man arrested in connection with an incident that left a 28-year-old woman with life-threatening injuries near the Wild Rice River has had his bond set at $1 million. Tracy Peters of Rapid City, South Dakota was arrested Wedne...
Oct 19, 2026
North Dakota Law Enforcment Agencies Issue Over 600 Citations During Put the Phone Away or Pay Distracted Driving Enforcement Campaign
(KNOX/KFGO) - Several North Dakota law enforcement agencies have issued more than 600 citations during the Put the Phone Away or Pay Distracted Driving enforcement campaign last month. Nearly 300 were for distracted driving, 140 were for speeding and...
Oct 22, 2026
Cushman Classic Football Game Between Grand Forks Central and Grand Forks Red River Tonight On KNOX
(KNOX) - The Cushman Classic football game between Grand Forks Central and Grand Forks Red River at Cushman Field is tonight at 7pm. Pregame coverage will begin at 6:15pm with Alex Carmenaty and Sam Jenson on call. Central is 5-3 this season with a 2...
Oct 23, 2026 33ft / Depositphotos.com
See More

FOLLOW US FOR INSTANT UPDATES!