The Tinian Municipal Treasury will issue, manage and redeem the Marianas US Dollar (MUSD) stablecoin, with each token fully backed by US dollars and Treasury bills held in reserve

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The legislation authorizes the Municipality of Tinian and Aguiguan to issue a “Tinian Stable Token,” formally called the Marianas US Dollar (MUSD), backed by U.S. dollars and Treasury bills held in reserve by the local treasury.
The stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury