Banks Are Bringing Stablecoin Technology Inside the Banking System

Stablecoins became valuable partly because they could move dollars outside traditional banking rails.North Dakota is now testing the opposite idea.More than 90 banks and credit unions are gaining access to Roughrider Coin, a blockchain-based dollar instrument developed by Fiserv and the state-owned Bank of North Dakota. Transactions run on Solana, VersaBank acts as the issuer and Fireblocks provides digital asset infrastructure.But Roughrider Coin is not being launched as another digital dollar