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Northern Mariana Islands Legislates MUSD—First Gov-Backed Stablecoin in U.S. Territories
Northern Mariana Islands Legislates MUSD—First Gov-Backed Stablecoin in U.S. Territories
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Pacific paradise becomes crypto pioneer with sovereign stablecoin push—because nothing says ’tropical getaway’ like monetary policy experiments.
The bill clears the way for MUSD, a dollar-pegged digital currency backed by the Commonwealth’s reserves. Move over Tether—there’s a new sheriff in town (population: 57,000).
Local officials pitch it as a tourism booster and remittance revolution. Critics whisper ’tax haven 2.0’ while Wall Street bankers suddenly remember where Saipan is on a map.
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