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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
MUSD could reportedly become the first government-backed stablecoin issued by a US public entity, if it launches before Wyoming’s July 2025 target, potentially overtaking the state’s planned release
Northern Mariana Islands has passed legislation to allow the island of Tinian to issue a government-backed stablecoin MUSD

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