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North Dakota's Stablecoin Initiative: North Dakota plans to launch the 'Roughrider' stablecoin by 2026, developed by the Bank of North Dakota in partnership with fintech firm Fiserv, utilizing technology from Paxos and Circle, focusing on local interbank settlements.
Impact on Financial Institutions: The stablecoin aims to enhance transaction methods for local financial institutions, positioning North Dakota as a leader in fintech and potentially influencing the broader stablecoin market, particularly for dollar-backed cryptocurrencies.
