Fiserv puts North Dakota's Roughrider Coin live on Solana for banks and credit unions
Fiserv says its digital asset platform is live with Bank of North Dakota's Roughrider Coin, a dollar-backed token issued by VersaBank USA and settled on Solana, open to more than 90 banks and credit unions.
Why it matters
Fiserv says the platform also covers stablecoin card issuance, cross-border payments, programmable commerce, treasury automation, tokenized deposits and global currency accounts for financial institutions, corporates, marketplaces and fintechs, according to Crypto News, so Roughrider Coin is one of several uses being sold to banks. Solana is now settling a bank-governed token through banks' existing commercial channels, and no payment volume or active-sender count has been disclosed, so the scale of actual use is not established.
Where the sources disagree
How Roughrider Coin is labelled
Dollar-backed stablecoin, per Fiserv
Crypto.News, NewsBTC, CryptoPotato
Token deposit for financial institutions, per Bank of North Dakota operating description
Crypto.News
Fiserv calls the asset a dollar-backed stablecoin, while Bank of North Dakota's own operating description calls it a token deposit for financial institutions, and Crypto.News reported that the two labels carry different legal and economic expectations.
Issuer name
VersaBank USA
Crypto.News, CryptoSlate
VersaBank
NewsBTC, Bitcoinist, CryptoPotato, Crypto News (CryptoNews.net)
Outlets split between the charter name and a short form for the issuer, with no difference described in its role.
What the figure of more than 90 institutions measures
More than 90 participating banks and credit unions
Crypto.News, CryptoSlate, Crypto.News, CryptoPotato
Payment volume and active-sender count not disclosed
CryptoSlate
Fiserv's count is participation in the rollout, and CryptoSlate reported that Fiserv disclosed neither payment volume nor an active-sender count, so how much money moves through Roughrider is unknown.
Key facts
Fiserv announced on October 1 that its digital asset platform is live with financial-institution clients, with Bank of North Dakota's Roughrider Coin as the first production use case.
Reported by Crypto.News
Fiserv says more than 90 North Dakota banks and credit unions can access Roughrider Coin.
90Disputed figureReported by Crypto.News
VersaBank USA issues Roughrider Coin and handles minting, burning, custody and dollar reserve services, while Bank of North Dakota provides governance oversight.
Reported by Crypto.News
Fireblocks supplies the institutional wallet, digital-asset and tokenization infrastructure for the deployment.
Reported by Crypto.News
Roughrider Coin transactions are processed on the Solana blockchain.
Reported by Crypto.News
Institutions access the token through Commercial Center, the Fiserv commercial online banking system they already use for traditional interbank transfers.
Reported by Crypto.News
Bank of North Dakota says Roughrider Coin is unavailable to the public and individual investors, and the bank's deployment documentation describes it as permissioned.
Reported by Crypto.News
Crypto.News reported that each participating institution has a VersaBank custody account and that daily flows connect to a concentration account at Bank of North Dakota, with an autoburn design for fiat settlement and reconciliation.
Reported by Crypto.News
What happened
Fiserv said on October 1 that its digital asset platform is live with financial-institution clients, with Bank of North Dakota's Roughrider Coin as the first production use case. VersaBank USA issues the dollar-backed token and handles minting, burning, custody and dollar reserves, Fireblocks supplies the wallet and tokenization infrastructure, and Solana processes the transactions, Crypto.News and CryptoPotato reported. Participating institutions reach it through Commercial Center, the Fiserv commercial online banking system they already use for interbank transfers, and Fiserv says more than 90 North Dakota banks and credit unions can access it. Bank of North Dakota says the coin is unavailable to the public and individual investors, CryptoSlate reported that the bank's deployment documentation describes it as permissioned, and Crypto.News reported that each institution holds a VersaBank custody account with daily flows to a Bank of North Dakota concentration account. Fiserv calls the asset a dollar-backed stablecoin while the bank's own operating description calls it a token deposit for financial institutions; Crypto.News reported that the two labels carry different legal and economic expectations. Fiserv has disclosed neither payment volume nor how many institutions are actually sending, CryptoSlate reported, and Bank of North Dakota chief executive Don Morgan said the coin is meant to move money more efficiently across the state's interbank network.
How the story developed
- Official statement
Fiserv says its digital asset platform is live with Roughrider Coin as first use case
Fiserv's October 1 announcement named VersaBank USA as issuer, Fireblocks as infrastructure provider and Solana as the transaction processor.
- First report
First report by Crypto.News
Solana chosen for Fiserv’s new bank stablecoin platform
- Official statement
Fiserv and Bank of North Dakota announce the Roughrider Coin plan
The announcement was made in October 2025 with availability planned for 2026, and Crypto.News and CryptoSlate both tie the production launch back to it.
- Independent corroboration
Independently corroborated by CryptoSlate
Solana enters US banking with 90 North Dakota banks leading it
- Update
CryptoSlate reports permissioned access and no disclosed volume
CryptoSlate said Bank of North Dakota's deployment documentation describes Roughrider as permissioned and that Fiserv disclosed neither payment volume nor an active-sender count.
- Update
A second Crypto.News report traces the reserve structure and the naming gap
It described per-institution VersaBank custody accounts, daily flows to a Bank of North Dakota concentration account, the autoburn design, and the difference between Fiserv's stablecoin label and the bank's token-deposit description.
- Update
Named executives comment on the launch
CryptoPotato and its syndicated version carried statements from Fiserv's Sunil Sachdev, Bank of North Dakota chief executive Don Morgan and VersaBank founder and president David Taylor.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 2 Oct 2026, 06:05 UTC: Crypto.News — 1 independent source, 1 reports
- 2 Oct 2026, 07:20 UTC: CryptoSlate — 2 independent sources, 2 reports
- 2 Oct 2026, 08:41 UTC: NewsBTC — 3 independent sources, 3 reports
Affected entities
Also mentioned: Base, Robinhood, Ethereum, USD Coin, Circle
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | Solana chosen for Fiserv’s new bank stablecoin platform | Original | |
| CryptoSlate Crypto media | Solana enters US banking with 90 North Dakota banks leading it | Independent | |
| Crypto.News Crypto media | North Dakota’s bank coin runs on Solana. Follow the dollar back | Independent | |
| CryptoPotato Crypto media | North Dakota’s Roughrider Coin Goes Live on Fiserv and Solana | Independent | |
| NewsBTC Crypto media | Fiserv Puts Stablecoin Banking Platform Live With North Dakota Roughrider Coin | Independent | |
| Bitcoinist Crypto media | Fiserv Puts Solana Under A Live Bank Stablecoin As Roughrider Coin Goes Into Production | Independent | |
| Crypto News (CryptoNews.net) Aggregator | North Dakota’s Roughrider Coin Goes Live on Fiserv and Solana | Syndicated |
Related events
Open Standard launches OUSD stablecoin on four chains with $1 billion in partner commitments
Open Standard's Open USD went live on Ethereum, Solana, Base and Tempo, backed by Coinbase, Mastercard, Shopify, Stripe and Visa, who committed over $1 billion in liquidity.
Visa data refresh cuts adjusted stablecoin volume; transaction count slips under 2%
CryptoSlate reports Visa's Sept. 18 refresh cut its adjusted stablecoin volume measure as labeled addresses grew from about 15 million to roughly 600 million.
Lloyds and Visa complete seven-day USDC cross-border settlement pilot moving $750,000
Lloyds Banking Group and Visa settled $750,000 in live cross-border obligations using USDC during a seven-day pilot, with funds reaching Visa in under an hour including weekends.
Visa survey finds US stablecoin willingness rises from 36% to 56% with hypothetical bank protections
A Visa survey found US willingness to use stablecoins for cross-border transfers rises from 36% to 56% with hypothetical bank-level fraud protection and deposit insurance.
Wirex CEO says stablecoin card users stay for FX savings, not cashback
Wirex CEO Pavel Matveev says currency conversion savings of up to 2%, not cashback, draw stablecoin card users, with average purchases near $95 and about 12 monthly transactions each.
dtcpay closes $25 million Series A with SBI Group as strategic investor
Singapore stablecoin payments firm dtcpay completed a $25 million Series A after Japan's SBI Group joined as a strategic investor.