Northern Mariana Islands has passed legislation to allow the island of Tinian to issue a government-backed stablecoin MUSD

Description

The Northern Mariana Islands, a US territory in the Pacific, has passed legislation to allow the island of Tinian to issue a government-backed stablecoin, the Marianas US Dollar (MUSD), following an override of Governor Arnold Palacios’ veto.

Event date

May 16, 2025

Quotes that support claims

The Northern Mariana Islands, a U.S. territory in the Pacific, has passed legislation allowing its island of Tinian to issue a government-backed stablecoin.

The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor.

Tags

Week 20 of 2025