Solana enters US banking with 90 North Dakota banks leading it
Fiserv has launched its digital-asset platform in production with Roughrider Coin, a dollar-backed interbank payment token governed by the Bank of North Dakota and issued by VersaBank USA. More than 90 North Dakota banks and credit unions are participating, accessing the system through Fiserv’s existing Commercial Center banking platform. Roughrider is a permissioned token on Solana, with institutional controls including freeze and clawback capabilities. Transfers are backed one-to-one by dollars, and tokens are minted after funds enter a designated account and burned upon receipt. The system is designed for around-the-clock treasury transfers and loan payments, but transaction volumes, realized cost savings and performance data have not been disclosed.
