ATLANTA – Troutman Pepper Locke advised the Bank of North Dakota, the only state-owned bank in the U.S., in its partnership with Fiserv, Inc., a global leader in payments and financial technology, to launch the Roughrider coin, North Dakota’s first stablecoin. For more information, see the press release.
Launching on the Fiserv digital asset platform, the Roughrider coin will aim to increase bank-to-bank transactions, encourage global money movement, and drive merchant adoption. The coin will be available to banks and credit unions in North Dakota in 2026.
The Troutman Pepper Locke team that advised the Bank of North Dakota was led by James Stevens.
Troutman Pepper Locke’s Financial Services Group offers comprehensive support to financial services businesses in today’s challenging and ever-changing environment. Consistently recognized as a leading service provider to all segments of the financial services industry, the firm provides timely and practical counsel to guide clients with their most important decisions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.