PANews reported on October 8th that Bloomberg News reported that North Dakota plans to launch a stablecoin, “Roughrider Coin,” in 2026. The state may become the second US state to issue a state-level stablecoin, following Wyoming. The stablecoin will reportedly be fully backed by US dollars and initially used for financial transactions such as loan originations, overnight borrowing, and construction financing between banks and credit unions within the state. The issuance will be led by the Bank of North Dakota and partnered with Fiserv, which will leverage the technology platforms of Paxos and Circle.
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