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Northern Mariana Islands Senate Overturns Governor's Veto on Stablecoin Bill

According to Odaily, the Senate of the Northern Mariana Islands has voted 7-1 to overturn the governor's veto on a stablecoin bill, potentially paving the way for the issuance of a stablecoin backed 1:1 by the U.S. dollar, known as the 'Marianas USD (MUSD).' If the 20-member House of Representatives also overturns the veto with a two-thirds majority, the Pacific island with a population of just 2,000 could become the first U.S. jurisdiction to issue an official stablecoin, ahead of Wyoming, which plans to launch its own in July.Democratic Senator Celina Babauta opposed the bill, citing a lack of enforcement resources. However, Republican proponent Jude Hofschneider argued that blockchain technology could enhance transparency within the industry. Marianas Rai, the technical partner for the project, disclosed that the MUSD would be developed on the eCash blockchain, with reserves held in cash and U.S. Treasury bonds.
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PancakeSwap in 2025: Can BNB Chain’s Flagship DEX Lead DeFi’s Next Growth Cycle?

PancakeSwap is once again at the forefront of decentralized finance (DeFi) as the market enters a renewed growth cycle in 2025. Built on BNB Chain, the protocol has evolved far beyond its roots as a yield-farming hotspot during DeFi Summer. Today, PancakeSwap is positioning itself as a multichain DeFi powerhouse—offering liquidity solutions, AI-powered trading features, and even integration with real-world assets (RWAs).With Total Value Locked (TVL) nearing $2 billion and daily trading volume consistently above $2.5 billion, PancakeSwap is capitalizing on rising regulatory clarity, growing institutional interest, and next-gen infrastructure like zkSync and AI-enhanced liquidity routing.PancakeSwap 2025 RoadMap: Growth, Metrics & Market PositionPancakeSwap’s transformation is reflected in its 2025 metrics:TVL: As of January 2025, PancakeSwap boasts $1.98 billion in total value locked, reflecting strong liquidity health and market confidence.Trading Volume: The platform recorded $78.45 billion in monthly trading volume and an average daily volume of $2.53 billion.Active Users: January also saw 2.35 million unique traders and 2.1 million onsite users—strong indicators of sticky engagement.Meanwhile, CAKE, the platform’s native token, posted a notable rebound. On March 21, 2025, it surged to $2.83 before settling at $2.71—marking a 67.45% weekly gain and outperforming other DEX tokens.Key DeFi Trends PancakeSwap Is Embracing in 20251. Yield Farming 3.0: Reinventing Liquidity IncentivesPancakeSwap’s Boosted Farms program has drawn renewed attention by offering triple-layered incentives—CAKE, trading fees, and native ecosystem tokens like ZK on zkSync. This signals a creative approach to reignite retail DeFi participation, especially among users seeking better capital efficiency.2. Tokenized Real-World Assets (RWAs): DeFi Meets TradFiPancakeSwap is gradually aligning with the broader DeFi trend of tokenized real-world assets, bridging DeFi users with asset-backed yield opportunities. This strategic move not only enhances user utility but also positions the protocol to onboard traditional finance participants seeking on-chain exposure.3. AI-Enhanced Liquidity Routing and Smart TradingThe integration of AI into predictive liquidity routing and smart order execution reflects PancakeSwap’s ambition to evolve into a full-featured DeFi OS. These tools aim to automate and optimize rewards for liquidity providers while giving traders more efficient execution.The “Ultrasound CAKE” Narrative:  Will Deflationary Tokenomics Work?In February 2025, PancakeSwap introduced a supply reduction strategy aimed at long-term token sustainability. Dubbed the “Ultrasound CAKE” initiative, the move echoes Ethereum’s deflationary turn and reflects a growing maturity in tokenomics design across DeFi.Regulatory Advantage and BNB Chain’s InfrastructureAs regulatory clarity emerges in major jurisdictions, platforms on BNB Chain like PancakeSwap may gain an edge—leveraging Binance’s compliance infrastructure, efficient gas fees, and global reach. Institutional players exploring DeFi are now seeking permissionless platforms with operational scalability and security—two areas where PancakeSwap is doubling down.What’s Next for PancakeSwap: Roadmap, Risk, and ResilienceDespite rising competition from newer DEXs and cross-chain liquidity protocols, PancakeSwap’s strength lies in its brand, simplicity, and evolving product suite. Its multichain presence, community loyalty, and strategic roadmap could determine whether it leads or follows in DeFi’s next bull phase.
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