Fiserv Puts Stablecoin Banking Platform Live With North Dakota Roughrider Coin

4 days ago 4



TL;DR Fiserv says its digital-asset platform is now live with financial-institution clients. Bank of North Dakota’s dollar-backed Roughrider Coin is the first live use case, with VersaBank as issuer, Fireblocks providing digital-asset infrastructure and Solana processing transactions. The launch moves stablecoin settlement closer to the core banking systems already used by conventional financial institutions. Stablecoins are moving another step away from being a crypto-only payment rail. Fiserv announced on October 1 that its digital-asset platform is live with financial-institution clients, with Bank of North Dakota’s Roughrider Coin becoming the first production use case. For a company deeply embedded in traditional banking and payments infrastructure, that is more consequential than another standalone stablecoin launch. Roughrider Coin plugs into an existing banking network Roughrider Coin is a dollar-backed stablecoin designed to improve money movement across North Dakota’s interbank network. Fiserv says VersaBank serves as issuer, Fireblocks provides secure digital-asset and tokenization infrastructure, and transactions are processed on Solana. The structure brings together se...

Read Entire Article