Northern Mariana Islands Overrules Governor’s Veto to Launch Stablecoin

The Northern Mariana Islands legislature has overridden the governor’s veto, paving the way for the launch of the MUSD stablecoin. This landmark decision positions the islands as leaders in digital currency innovation in the U.S., particularly amidst intense competition with Wyoming for the first government-backed stablecoin. 1:1 backing by US dollars and government bonds will be issued on the eCash blockchain, with Marianas Rai Corporation serving as the exclusive technology partner.