【Explosive Breakthrough】“U.S. Government Version of USDT”? Little Island Races Ahead of the Nation, Issuing Official Stablecoin! What is Wyoming Waiting For?

Tinian Island——a small island you may have never heard of, suddenly dropped a heavy bomb in the cryptocurrency world: it has become the first public entity in the U.S. to officially issue a government-backed stablecoin (MUSD)!

The Little Island's 'Overtaking on a Curve', the Arrival of Stablecoin MUSD

Tinian Island, part of the Northern Mariana Islands, quickly passed legislation to launch MUSD, which is pegged to the U.S. dollar 1:1 and fully backed by cash and U.S. Treasury bonds. Originally, the governor wanted to veto it, but the legislative body unanimously pushed back, forcing a reversal. Ultimately, MUSD is legally on the road.

Blockchain On-Chain, Government Gets Involved

MUSD will operate on the eCash blockchain, managed by Tinian Island's finance department, with infrastructure built by local tech companies. This means that the stablecoin project is no longer just a testing ground for tech companies, but a practical exercise directly involved by the government.

The Little Island's Ambitions Go Beyond: Attracting Casinos, Digital Enterprises, Saying Goodbye to Tourism Dependence

This is not only a technical innovation but also an economic breakthrough. Tinian Island hopes to attract online and digital enterprises through this, breaking free from excessive reliance on tourism and achieving economic diversification.

Regulatory Controversies Remain, May Become a National Model

Although some are concerned about potential regulatory evasion using income, MUSD has legal backing and U.S. dollar collateral, significantly reducing risks with this combination.

Is this an isolated island experiment, or the starting point of a national trend? No one can say for sure. But one thing is certain: Tinian Island has already written itself into cryptocurrency history.