Chief Innovation Officer
Bank of North Dakota
Rick Geloff joined Bank of North Dakota as an executive vice president in January 2025 with his primary focus on researching and incorporating Fintech options for the Bank and creating opportunities for partner institutions. A native of Wing, North Dakota, Rick graduated from Minot State University and holds his CPA license. He has worked in banking for 12 years in lending, credit, special assets and finance and held the roles of COO, CIO and CFO before coming to BND. He and his wife, Brandy, have three boys, Camrin, Graycin and Romin.
Stablecoins are core infrastructure for payments, liquidity and digital commerce. For community banks, the question isn’t whether stablecoins will matter. It’s how they can participate in shaping the ecosystem rather than watch value migrate to fintechs, Big Tech, and big banks.
The panel will examine how community and mid-tier banks can approach stablecoin strategy with discipline and ambition, identifying practical use cases, evaluating issuance vs. partnership models, managing regulatory and liquidity considerations, and translating on-chain capabilities into tangible community impact. From faster cross-border settlement to treasury efficiency and small-business enablement, we will explore where execution can drive revenue, deposit stickiness, and long-term competitiveness.
The discussion is focused on action—what to build, what to partner for, and how to avoid being disintermediated in the next phase of payments innovation. Talking points will include:
o Issuer, distributor, or infrastructure partner: choosing the right role.
o Deposit implications, liquidity management, and balance sheet strategy.
o Stablecoins vs. traditional payments rails: revenue cannibalization or expansion?
o Compliance, risk, and governance frameworks for community institutions.
o Use cases that matter locally: SMB payments, remittances, municipal flows.
o Core integration and operational execution: what it really takes to launch.