Solana digital‑asset platform launched for interbank settlements in North Dakota
Banking‑technology provider Fiserv has put its digital‑asset platform into production on Solana, enabling Roughrider Coin to be used by more than 90 North Dakota banks and credit unions for interbank payments. The token, issued by VersaBank USA and overseen by the Bank of North Dakota, is a dollar‑backed stablecoin that runs on Solana’s public blockchain with permissioned access. Settlement, approval and clearing follow the same operational channels used for ACH and wire transfers. The rollout follows an October 2025 announcement that targeted a 2026 launch.
Why it matters
The platform gives community banks an additional, near‑instant settlement option that could lower costs compared with traditional wires, according to the Bank of North Dakota. Investors in Solana may see increased network usage if the token gains traction, though no payment‑volume data have been disclosed.
Key facts
- 1More than 90 North Dakota banks and credit unions are participating in the rollout. cryptoslate.com
- 2Roughrider Coin is a dollar‑backed token with a one‑to‑one US dollar backing. cryptoslate.com
- 3VersaBank USA issues Roughrider, while Fiserv operates the platform and the Bank of North Dakota provides governance oversight. cryptoslate.com
- 4The production milestone follows an October 2025 announcement that planned availability in 2026. cryptoslate.com
- 5Token transfers run on Solana’s public blockchain under permissioned, institutional access controls. cryptonews.net
Open questions
- Payment volume and active‑sender count for Roughrider Coin were not disclosed.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.