Tinian Issues the First Fully Reserved, Fiat-Backed Stable Token

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

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 to be fully designated, issued and minted by a public entity in the United States. The issuance of the token, designated as MUSD, is a historic moment for U.S. states, territories and commonwealths, and marks a pivotal moment in the evolution of money.

The 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 and state-of-the-art security, while preserving an unbroken lineage from the original Bitcoin codebase established by Satoshi Nakamoto.

This remarkable achievement by an island of only 2,000 residents was spurred by President Trump’s Executive Order 14178, “Strengthening American Leadership in Digital Financial Technology,” which tasked the U.S. government with facilitating the development and adoption of digital assets. In response, Tinian aims to build a sustainable digital economy that reduces dependency on tourism and encourages immigration.

To symbolize the security and transparency of MUSD, the first $100 U.S. dollar bill backing the token was ceremonially enshrined at the Tinian Treasury.

“President Trump highlighted the importance of digital assets for economic development, and we took swift action to launch a dollar-backed stable token, setting an example for the nation,” said Senate Vice President Karl King-Nabors. “Tinian is uniquely positioned to emerge as an international leader in blockchain innovation. Here, the sun rises first on America’s digital financial future.”

The introduction of MUSD is strategically timed with the launch of Google’s $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.

Additionally, 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 began in 2020 had a significant impact on our primary industry, tourism. We have used the tourism downturn that followed the pandemic as an opportunity to shift our focus to developing sustainable, digital revenue streams that are not reliant on local markets and consumers,” explained King-Nabors. “Launching MUSD is the beginning of a broader vision to create lasting economic opportunities for our community, particularly for our youth and future generations.”

The global market capitalization for stable tokens is estimated at over $231 billion, with nearly $200 billion in U.S. dollar-backed variants similar to MUSD. Securing even 1% of this market could result in 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.

The 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 facilitating the growth of the MUSD technology and business development ecosystem.

“MUSD truly represents a paradigm shift not just in the governance of the issuer, it represents a level-up in stable token technology itself,” said Vin Armani, CTO of Marianas Rai Corp. “By leveraging a cutting-edge open source and public Bitcoin network with nearly-zero transaction and gas fees, MUSD tokens will 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. endeavors to harness digital assets for innovation and economic growth, Tinian is emerging as a frontrunner. The MUSD stable token (dollar.mp) is the first U.S. government-issued stablecoin and is supported by a robust digital infrastructure and one of the world’s most favorable tax environments.

About the Municipality of Tinian and Aguiguan

The Municipality of Tinian and Aguiguan is one of four municipalities in the Commonwealth of the Northern Mariana Islands and represents the westernmost U.S. island in the Pacific. Home to 2,000 residents, Tinian boasts a rich cultural heritage and a vibrant natural ecosystem. Today, it leads the way in digital economic development through initiatives like the MUSD stable token, Google’s Pacific Connect and the CNMI’