Fiserv has launched a digital asset platform, with the first product being the North Dakota Bank’s stablecoin on Solana.

Payment giant Fiserv has launched a digital asset platform for financial institutions. The first working product is Roughrider Coin, a U.S. dollar stablecoin issued by the State Bank of North Dakota. VersaBank serves as the issuer, Fireblocks provides the infrastructure, and transactions are processed on the Solana network.

Through Fiserv, more than 90 banks and credit unions will connect to the stablecoin, enabling them to transfer funds among themselves in seconds.