TechFlow, Oct. 9 — According to Bloomberg, North Dakota plans to launch a stablecoin called "Roughrider Coin" in 2026, potentially becoming the second U.S. state after Wyoming to issue a state-level stablecoin. The stablecoin will be fully backed by the U.S. dollar and initially used primarily for financial transactions such as loan disbursements, overnight lending, and construction financing among banks and credit unions within the state. The project is led by the Bank of North Dakota in partnership with Fiserv, which will leverage technology platforms from Paxos and Circle.
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