North Dakota to launch first state stablecoin with Fiserv in 2026

MILWAUKEE - North Dakota is set to become the first U.S. state to issue its own stablecoin through a partnership between Fiserv, Inc. (NYSE:FI) and the Bank of North Dakota, according to a press release statement. Fiserv, a prominent player in the Financial Services industry with a market capitalization of $68.86 billion, is currently trading near its 52-week low, suggesting potential value opportunity according to InvestingPro analysis.

The "Roughrider coin," named after Theodore Roosevelt’s military unit, will be fully backed by U.S. dollars and is scheduled to launch in 2026 for banks and credit unions in North Dakota. The stablecoin will utilize Fiserv’s digital asset platform, which was announced in June alongside the company’s white-label stablecoin FIUSD. With annual revenue of $21.11 billion and a strong market presence, Fiserv continues to innovate in the digital payments space.

North Dakota Governor Kelly Armstrong said the state is "taking a cutting-edge approach to creating a secure and efficient financial ecosystem" with the stablecoin initiative. The project aims to increase bank-to-bank transactions, facilitate global money movement, and drive merchant adoption.

Don Morgan, chief executive officer of the Bank of North Dakota, noted that the development "capitalizes on recent changes in federal law" while ensuring the "continued health, resilience, and relevancy of the North Dakota financial industry."

The Bank of North Dakota, established in 1919, is the only state-owned bank in the United States and currently manages over $10 billion in assets.

Takis Georgakopoulos, COO at Fiserv, described the initiative as bringing together "the reliability of traditional finance and the innovation of blockchain to deliver faster and smarter digital payments."

Fiserv, a Fortune 500 company, processes approximately 90 billion transactions annually through its network of 10,000 financial institution clients and six million merchant locations. For deeper insights into Fiserv’s financial health and growth potential, including 8 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Fiserv has announced its acquisition of StoneCastle Cash Management, aiming to enhance its deposit funding capabilities for financial institutions. This move is expected to help Fiserv’s network of community banks and credit unions access stable and cost-efficient deposit funding. Additionally, Fiserv has acquired Smith Consulting Group to strengthen its banking services, although the financial terms of this transaction remain undisclosed. In another development, Fiserv introduced Content Next, a cloud-based content management solution for banks, developed in partnership with OpenText, which aims to modernize operations through automation and AI functionalities.

Furthermore, TD Cowen has reiterated its Buy rating for Fiserv, citing the company’s innovation efforts and integration between its Financial Services and Merchant Solutions segments as positive factors. UBS also maintained its Buy rating, highlighting Fiserv’s expansion strategies, including its foray into healthcare with Rectangle Health. Both firms expressed optimism about Fiserv’s medium-term positioning following the company’s Forum 2025 event. These recent developments underscore Fiserv’s ongoing efforts to innovate and expand its service offerings.

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