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.
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Northern Mariana Islands passes bill to issue government-backed MUSD stablecoin
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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 Tinian stablecoin, formally called the Marianas US Dollar (MUSD), will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury
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