Bank of North Dakota launches Roughrider stablecoin on Solana for interbank payments
- —Roughrider Coin is a 1:1 dollar token deposit unavailable to retail investors
- —BND said four financial institutions are testing use cases
- —Fiserv said the service is available to over 90 state banks and credit unions
- —BND is not FDIC-insured; deposits are backed by the state under local law
Why it matters: The launch shows a US state bank using a public blockchain for interbank payments, a signal for deposit tokenization.
Source: TokenPost