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

By: thecoinrise|2025/05/16 19:00:12
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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. The post Tinian to Launch First U.S. Public Stablecoin After Veto Overridden appeared first on TheCoinrise.com.

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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