Fisvev launches white label stablecoin platform, North Dakota State Bank completes first pilot

The Fisvev digital asset platform was launched on October 1st, and the Rough Rider Coin issued by North Dakota State Bank became the first deployment project. The stablecoin runs on Solana's Token-2022 standard and is piloted in over 90 banks and credit unions in North Dakota. Fisvev adopts a white label infrastructure model, with VersaBank responsible for casting, destruction, custody, and reserve management, and Fireblocks providing underlying facilities, open to approximately 10000 financial institution customers. The compliance framework relies on Section 4 (c) of the GENIUS Act for qualified issuers in states below $1 million. (Source: Forkast News)