North Dakota plans to issue the second state-level stablecoin in the United States, "Roughrider Coin".

On October 9, according to Bloomberg, North Dakota plans to follow Wyoming and become the second state in the U.S. to issue a stablecoin. This stablecoin will initially be used for interbank transactions, while the U.S. financial system is also experimenting more broadly with the application of digital tokens. This token is named "Roughrider Coin," named after the American volunteer cavalry led by Theodore Roosevelt during the Spanish-American War. The coin is expected to be launched next year by the Bank of North Dakota, which is the only state-owned bank in the U.S., and it will collaborate with Fiserv Inc. The core business of the Bank of North Dakota is to work with over 80 community banks and credit unions across the state to promote agricultural lending.