Remote Pacific Island of Tinian Launches the First Fully Reserved, Fiat-Backed Stable Token Issued by a U.S. Public Entity

The small, remote Pacific island of Tinian, in the U.S Commonwealth of the Northern Mariana Islands, has officially issued and minted the first

The small, remote Pacific island of Tinian, in the U.S Commonwealth of the Northern Mariana Islands, has officially issued and minted the first fully reserved, fiat-backed stable token issued by a public entity in the United States.

The issuance of the token, designated as MUSD, marks a historic milestone for U.S. states, territories, and commonwealths and a pivotal moment in the evolution of money.

Marianas U.S Dollar or MUSD is being issued exclusively as a Simple Ledger Protocol token on the eCash (XEC) network, the most widely adopted Bitcoin token standard. This open- source protocol ensures that MUSD transactions inherit the robust security and technical capabilities of Bitcoin. Maintained by premiere development team Bitcoin ABC, the eCash blockchain offers ultra-low transaction fees and state-of-the-art security, while preserving an unbroken lineage from the original Bitcoin codebase established by Satoshi Nakamoto.

This achievement by an island of only 2,000 residents highlights Tinian’s strategic value and unique role within the U.S, both past and present. Developed in direct response to Executive Order 14178, “Strengthening American Leadership in Digital Financial Technology,” issued by President Donald Trump, MUSD aims to foster a sustainable digital economy that eliminates dependency on tourism and immigration.

To symboliSe the build-up to this moment of truth and transparency, the first US$100 bill backing MUSD was ceremonially enshrined at the Tinian Treasury.

“President Trump has spoken about the importance of digital assets for economic development, and we are proud to quickly respond by launching the first dollar-backed stable token in the nation,” said Senate Vice President Karl King-Nabors. “Tinian is uniquely positioned to become an international leader in blockchain innovation. Here, the sun rises first on America’s new digital financial future.”

The introduction of MUSD coincides with the launch of google US$1 billion Pacific Connect initiative, which establishes new undersea fiber-optic connections between the continental U.S and Japan, positioning Tinian as a critical node in global internet infrastructure.

Moreover, Tinian’s Economic Incentive District, a U.S-protected free trade zone offers unparalleled tax benefits, expedited permitting processes, and substantial tax rebates, making it an attractive domicile for digital enterprises and startups.

“The pandemic that started in 2020 had a huge impact on our main industry, tourism. We have used the downturn in tourism to shift our focus to making lasting digital revenue streams that aren’t tied to local markets,” stated King-Naborders. “Launching MUSD is just the beginning of our broader vision to create economic opportunities for our community, especially for our youth and the future.”

The global market capitaliSation for stable tokens exceeds US$231 billion, with nearly US$200 billion-backed variants similar to MUSD. Capturing even 1 percent of this market could translate into billions of dollars in reserves managed by Tinian’s Municipal Treasurer. The MUSD ecosystem incorporates cutting-edge features such as integrated on/off ramps, credit card processing, and direct peer-to-peer payments with free “postage” and no “gas” or fees.

Municipality of Tinian and Aguiguan has selected CNMI-based Marianas Rai Corp. as the exclusive provider of software and services for the issuance and redemption of MUSD, including the growth of the MUSD technology and business development ecosystem.

“MUSD really represents a paradigm shift not just in the governance of the issuer, it represents a level-up in stable token technology,” said Vin Armani, CTO of Marianas Rai Corp. “By leveraging a cutting-edge open source and public Bitcoin network with nearly-zero transaction fees, MUSD tokens enable digital U.S dollar commerce not only in every existing industry, but also in currently unaddressed industries such as content delivery and gaming, that require instant microtransactions with values of a fraction of a cent.”

As the U.S under President Trump’s leadership seeks to harness digital assets for innovation and economic growth, Tinian has emerged as a trailblazer. The MUSD stable token (learn more at dollar.mp) stands as the first U.S. government-issued stablecoin, supported by a robust digital infrastructure and one of the world’s most favourable tax environments.