Fiserv Digital Asset Platform Goes Live With Bank of North Dakota Stablecoin
What's happening
Fiserv has launched its Digital Asset Platform and it is now live with financial institution clients. The platform's first active use case is the Bank of North Dakota's dollar-backed stablecoin, Roughrider Coin, intended to speed interbank transfers across North Dakota. VersaBank is issuing the coin and Fireblocks is providing tokenization as part of the implementation. Fiserv positions the rollout as a step toward commercializing stablecoin-enabled banking and payments.
Why it's trending
Because a major payments processor (Fiserv) just put live infrastructure for stablecoins with a concrete state bank use case (Roughrider Coin).
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Here's how Fiserv just made a state-backed stablecoin practical for everyday bank transfers in North Dakota, in plain English: (thread)
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Original sources5
- Fiserv brings stablecoins into mainstream banking
Fiserv has launched its digital asset platform for financial institution clients, with Bank of North Dakota’s Roughrider Coin becoming the first stablecoin to go live on the infrastructure. The dollar-backed stablecoin is designed to enable faster transfers between banks across North Dakota’s interbank network. VersaBank is issuing the coin, Fireblocks is providing tokenisation and dig
FinTech GlobalOct 2 - Fiserv Digital Asset Platform Goes Live With Bank of North Dakota Stablecoin
Fiserv’s digital asset platform is now live with financial institution clients, the global provider of payments and financial services said in a Thursday (Oct. 1) press release. The platform’s first live use case Bank of North Dakota’s Roughrider Coin, a dollar-backed stablecoin designed to enable more efficient money movement across North Dakota’s interbank network, according […] The post F
PYMNTSOct 2 - Fiserv’s stablecoin system starts
The mega processor’s system for hosting digital currencies is up and running, with North Dakota’s stablecoin the first digital asset to go live.
Payments DiveOct 1
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