The Northern Mariana Islands has taken a major step in the world of digital finance by approving the issuance of a government-backed stablecoin, known as MUSD. This groundbreaking decision was approved on May 16th, 2025, and could pave the way for a new era of economic growth within U.S. territories. The legislation allows for the exclusive issuance of MUSD on the eCash blockchain, targeting Tinian’s tourism-dependent economy for revitalization. The move is poised to attract billions in private investment as a part of this plan, with significant tax revenue opportunities expected from government licensing of internet casinos. If the launch proceeds as planned, it could serve as a model for similar initiatives across the country. This historic first for U.S. government-backed digital assets sets an influential precedent for potential national legislation regarding stablecoins.