Action in the payments industry on stablecoin plans appears to be perking up since President Donald Trump signed the GENIUS Act into law this summer, legislation whose rules are expected to spark more action by mainstream payments players on issuing and accepting the digital currency.
One example emerged Wednesday with the news that Fiserv Inc., one of the world’s largest payments processors, will work with Bank of North Dakota on a stablecoin venture called the Roughrider coin. The venture, which involves a state stablecoin, represents the first such collaboration to launch on Fiserv’s digital-asset platform, the company says.