{"id":13990,"date":"2026-10-02T07:19:34","date_gmt":"2026-10-02T07:19:34","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13990"},"modified":"2026-10-02T07:19:34","modified_gmt":"2026-10-02T07:19:34","slug":"solana-enters-us-banking-with-90-north-dakota-banks-leading-it","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13990","title":{"rendered":"Solana enters US banking with 90 North Dakota banks leading it"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>North Dakota\u2019s banks and credit unions are getting a dollar settlement route on Solana as banking technology provider Fiserv brings its digital asset platform into production.<\/p>\n<p><span style=\"color: #333333;\">In its\u00a0<\/span>Oct. 1 announcement, the company identified Roughrider Coin, an interbank payment token overseen by the Bank of North Dakota (BND), as the platform\u2019s first live use case.<\/p>\n<p>Participating institutions will access it through Commercial Center, Fiserv\u2019s online banking system already used for traditional interbank transfers. BND says initiation, approval, and settlement will run through the same operational channels banks use for ACH and wires, allowing staff to work through familiar banking systems.<\/p>\n<p>Fiserv says more than 90 North Dakota banks and credit unions are participating. That figure describes participation in the rollout, leaving how much money actually moves through Roughrider undisclosed.<\/p>\n<p>The production milestone follows Bank of North Dakota and Fiserv\u2019s October 2025 announcement, which planned availability in 2026.<\/p>\n<h2>Public network, controlled access<\/h2>\n<p>BND\u2019s deployment documentation describes Roughrider as a permissioned asset on Solana\u2019s public blockchain. Participation is voluntary and restricted to financial institutions, and token transfers run on Solana under those institutional access controls.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">US Bank moves USBDC across borders on Stellar, but only inside its own walls<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>US bank VersaBank USA National Association issues Roughrider, Fiserv operates the platform, and BND provides governance oversight. Fiserv assigns VersaBank responsibility for minting, burning, custody, and reserve management. BND describes Fireblocks-secured wallets and cites freeze and clawback capabilities available through Solana\u2019s Token-2022 extensions.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>Fiserv calls Roughrider a stablecoin, while BND\u2019s current deployment page calls it a dollar-backed token deposit.<\/p>\n<p>According to BND, each token has one-to-one US dollar backing. Minting occurs only after a confirmed transfer from an institution\u2019s operating account into a designated \u201cfor benefit of\u201d account.<\/p>\n<p>Arrival at the receiving institution\u2019s wallet automatically triggers burning through a smart-contract instruction, a design intended to keep token balances low.<\/p>\n<p>Burning retires the transferred tokens, while the banking accounts remain part of the process. BND describes daily netting of account movements across VersaBank custody accounts and a concentration account held at BND.<\/p>\n<p>Token settlement and banking-account reconciliation are distinct parts of the design.<\/p>\n<figure id=\"attachment_568212\" aria-describedby=\"caption-attachment-568212\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"shoggoth-infographic shoggoth-infographic-portrait wp-image-568212\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6.png\" alt=\"Roughrider flow from confirmed bank-account dollar funding to minting, transfer on Solana and automatic burning on receipt, with VersaBank USA issuance, Fiserv operations and BND oversight.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6-768x960.png 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload shoggoth-infographic shoggoth-infographic-portrait wp-image-568212\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6.png\" alt=\"Roughrider flow from confirmed bank-account dollar funding to minting, transfer on Solana and automatic burning on receipt, with VersaBank USA issuance, Fiserv operations and BND oversight.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-3aa8d7a1-017b-4496-81c6-f7254b1db0c6-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><figcaption id=\"caption-attachment-568212\" class=\"wp-caption-text\">Dollars stay in bank accounts while matching tokens move and burn on Solana.<\/figcaption><\/figure>\n<p>BND positions the system for treasury transfers and loan payoff, with near-instant settlement around the clock and lower costs than wires. Its comparison table provides indicative costs, but the launch materials disclose no measured realized savings or performance-testing methodology.<\/p>\n<p>For community banks, the immediate change is an additional settlement option embedded in existing banking workflows. The next test is whether an active-sender count and payment volume would show whether the participating institutions turn that new option into routine interbank business.<\/p>\n<\/div>\n<p>Banking,Featured,Payments,Stablecoins,Fiserv,payments,Solana,stablecoinsFiserv,payments,Solana,stablecoins#Solana #enters #banking #North #Dakota #banks #leading1790925574<\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Dakota\u2019s banks and credit unions are getting a dollar settlement route on Solana as banking technology provider Fiserv brings its digital asset platform into production. In its\u00a0Oct. 1 announcement, the company identified Roughrider Coin, an interbank payment token overseen by the Bank of North Dakota (BND), as the platform\u2019s first live use case. Participating<\/p>\n","protected":false},"author":1,"featured_media":13991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1269,47,1868,241,7237,2021,3401,167,152,282],"class_list":["post-13990","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-banking","tag-banks","tag-dakota","tag-enters","tag-fiserv","tag-leading","tag-north","tag-payments","tag-solana","tag-stablecoins"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana enters US banking with 90 North Dakota banks leading it - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Fiserv has launched Roughrider Coin on Solana, giving more than 90 North Dakota banks and credit unions a new dollar settlement route.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13990\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana enters US banking with 90 North Dakota banks leading it\" \/>\n<meta property=\"og:description\" content=\"Fiserv has launched Roughrider Coin on Solana, giving more than 90 North Dakota banks and credit unions a new dollar settlement route.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13990\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-02T07:19:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/north-dakota-token-route-standard.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1672\" \/>\n\t<meta property=\"og:image:height\" content=\"941\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13990\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13990\",\"name\":\"Solana enters US banking with 90 North Dakota banks leading it - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13990#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13990#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/north-dakota-token-route-standard.jpg\",\"datePublished\":\"2026-10-02T07:19:34+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Fiserv has launched Roughrider Coin on Solana, giving more than 90 North Dakota banks and credit unions a new dollar settlement route.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13990#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13990\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13990#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/north-dakota-token-route-standard.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/north-dakota-token-route-standard.jpg\",\"width\":1672,\"height\":941},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13990#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Solana enters US banking with 90 North Dakota banks leading it\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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