Northern Mariana Islands Overrules Governor’s Veto, Approves Stablecoin Bill

The Northern Marianas House of Representatives voted 14-2 to override Governor Arnold Palacios’ veto and approve a stablecoin bill. This action allows Tinian Island to issue the Marianas US Dollar on the eCash blockchain. The legislation represents a significant step for US territories in embracing stablecoin issuance, with potential economic benefits and precedent-setting implications.