Tinian to Launch First U.S. Public Stablecoin After Veto Overridden

By: cryptosheadlines|2025/05/16 19:15:06
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The Northern Mariana Islands’ legislature has overridden a gubernatorial veto to approve a bill enabling the island of Tinian to launch a government-backed stablecoin. This makes Tinian, a small constituent island with just over 2,000 residents, a frontrunner in the race to issue the first stablecoin by a U.S. public entity, potentially beating out the state of Wyoming.The Northern Mariana Islands House of Representatives voted 14-2 to override Governor Arnold Palacios’ earlier veto of the bill, which grants Tinian the authority to license internet casinos and issue the “Tinian Stable Token,” now officially named the Marianas US Dollar (MUSD). The decision follows a similar veto override by the territory’s Senate on May 9, where members voted 7-1 in favor.Stablecoin: A Lifeline?Tinian’s local economy, heavily dependent on tourism, has struggled in recent years. The push for a stablecoin-backed digital economy has been framed by local leaders and tech proponents as a transformative opportunity. MUSD will be backed by cash and U.S. Treasury bills held in the Tinian Municipal Treasury, and it will operate on the eCash blockchain — a lesser-known Bitcoin Cash fork.Marianas Rai Corporation, a local tech firm, has been selected as the sole infrastructure provider for the stablecoin. While company representatives declined to provide extensive comment, they confirmed further announcements will be made on May 19.Supporters of the bill, including Marianas Rai Corp. co-founder Vin Armani, believe the initiative could attract significant crypto investment and tax revenue without burdening the government financially. Clyde Norita, another company director and a cannabis entrepreneur, called the move a “lifeline” for the island’s deteriorating economy, emphasizing that it could spur economic growth without compromising cultural values or environmental integrity.Mixed Reactions Reflect Economic DesperationDespite broad legislative support, the decision has not been without criticism. Governor Palacios vetoed the original bill citing legal and constitutional concerns, warning that enforcement mechanisms were inadequate, particularly in preventing illegal gambling.Independent House floor leader Marissa Flores echoed these concerns during deliberations. “It is true, we are in dire need of money,” she said, “but what I don’t like is when we are desperate... it always seems that we come back to casinos.”In contrast, Republican Representative Patrick San Nicolas, a member of the Tinian delegation, hailed the measure as a pathway out of the crisis. “This bill does not depend on tourists or federal subsidies — it builds a digital industry generating revenue from a licensed jurisdiction,” he stated.If successfully launched before July, MUSD will make Tinian the first U.S. public entity to issue a stablecoin, marking a big moment in the relationship between crypto and local governance.Source link

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LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

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WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

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