📢 Historic first: The Tinian government in the Northern Mariana Islands 🇲🇵 will become the first-ever U.S. public entity to issue a USD-backed stablecoin — launching it on the eCash network! 💸
Chosen for its low fees, scalability, and gasless token design, eCash is powering real-world adoption. ⚡️🌍
✨ May 2025 marked the first-ever issuance of a USD-backed stablecoin $MUSD by a U.S. public entity on eCash, a network upgrade, and major updates across the ecosystem. Here’s a full recap of the month’s key moments. 👇
AssumeUTXO is now supported in Bitcoin ABC v0.31.5, making eCash node sync significantly faster by allowing nodes to assume a valid UTXO snapshot at a known block height. ⚡
➡️ Learn more about AssumeUTXO: e.cash/blog/introducing-assumeutxo-faster-node-sync-on-ecash
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📢 It’s official: The first-ever US government-issued stablecoin, the Marianas US Dollar $MUSD, has been minted on the eCash $XEC blockchain. The ceremony took place in Tinian, at the House of Taga ancestral site.
$MUSD Mint Transaction: https://explorer.e.cash/tx/b1734f6d17e5935f89ee82fac157bc771a2cbb28bdedf192353483bf3e295d8c
DeFi systems are taking root through local governance! 🔥
The Tinian government in the Northern Mariana Islands is set to launch $MUSD on the eCash $XEC network! This will be the first-ever USD stablecoin issued by a US public entity. 💸