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United States , Thursday 15 October 2026

North Dakota’s State-Owned Bank Just Launched a Stablecoin Pilot Inside the GENIUS Act Implementation Window

Published on: Tuesday 06 October 2026

North Dakota’s State-Owned Bank Just Launched a Stablecoin Pilot Inside the GENIUS Act Implementation Window The Bank of North Dakota (BND), the only state-owned bank in the United States, has moved beyond theoretical discussions of tokenization. By launching the Roughrider Coin pilot, the institution is stress-testing a permissioned, bank-to-bank stablecoin architecture while federal regulators remain preoccupied with the GENIUS Act rulemaking process. This is not a retail-facing experiment; it is […]



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