Tinian Breaks Ground as First US Public Entity to Launch Stablecoin

The Northern Mariana Islands’ legislature has successfully overridden a governor’s veto, paving the way for Tinian to launch its own government-backed stablecoin. This groundbreaking move positions Tinian, an island community with fewer than 2,000 residents, as a frontrunner in the race to become the first U.S. public entity to issue a stablecoin. The decision follows a previous Senate vote where lawmakers also supported the initiative.