by: xpoolPosted on:

Northern Mariana Islands Senate Overrules Governor’s Veto on Stablecoin Bill

The Northern Mariana Islands Senate has defied its governor’s veto, voting 7-1 to approve a stablecoin bill that could pave the way for the issuance of the ‘Marianas USD (MUSD)’. This U.S.-dollar backed stablecoin, if ultimately cleared by the House of Representatives with a two-thirds majority vote, could make the island the first U.S. jurisdiction to launch an official stablecoin, potentially surpassing Wyoming’s July launch date.

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  3. US Administration Bolsters Dollar’s Global Reserve Status with Stablecoin Support
  4. Northern Mariana Islands Senate Overturns Governor’s Veto on Stablecoin Bill