BISMARCK, ND (KXNET) — The Bank of North Dakota (BND) announced “Roughrider Coin,” a new state-backed cryptocurrency. BND is calling Roughrider Coin a stablecoin. Stablecoins are intended to maintain their value, unlike volatile cryptocurrencies.
The value of the coin will be tied to real assets such as the U.S. dollar and other commodities such as gold. This and other state-backed cryptocurrencies were made possible were made possible by the GENIUS Act, which was passed by Congress earlier this year. The GENIUS Act helped create stablecoins by creating regulations to allow them to be more seamlessly integrated into existing financial systems.
The coin is being launched by BND in partnership with Fiserv. Wyoming was the first state to launch a state backed cryptocurrency in August of 2025. North Dakota Roughrider coin will be available sometime in 2026.
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