The Northern Mariana Islands, a US Pacific territory, has approved legislation permitting Tinian Island to issue a stablecoin called the Marianas US Dollar (MUSD). This marks a significant step forward, overturning Governor Arnold Palacios’ veto from April 11. The legislation was approved with a strong majority in both the House and Senate after their respective reviews. If issued before July, Tinian could become the first U.S. public entity to launch a stablecoin. Wyoming is pursuing similar plans. This approval follows Tinian Island’s selection of Mariana Ray, a local tech service company, as its exclusive infrastructure provider for MUSD, which will be launched on the eCash blockchain. Details regarding MUSD are expected to be released by Mariana Ray on May 19th.