Marianas U.S. Dollar
MUSD is the first fully-reserved, fiat-backed stable token
issued by a public entity in the United States
Exclusively issued on a Bitcoin blockchain
Issued by
The Municipality of Tinian and Aguiguan,
Commonwealth of the Northern Mariana Islands,
United States of America
The Marianas U.S. Dollar (MUSD) is exclusively issued as a Simple Ledger Protocol (SLP) token on the eCash (XEC) network, the most widely adopted Bitcoin token standard. This open-source protocol ensures that TUSDT transactions inherit the robust security and technical capabilities of Bitcoin. Maintained by premiere development team Bitcoin ABC, the eCash blockchain offers ultra-low transaction fees and state-of-the-art security, while preserving an unbroken lineage from the original Bitcoin codebase established by Satoshi Nakamoto.
INTRODUCING MUSD DIGITAL CASH
GOVERNMENT ISSUED
Backed By Authority
Of U.S. Government
BITCOIN-BASED
Bitcoin Security
& Technology
OPEN FOR BUSINESS
Open Source Ecosystem
For Innovation
MUSD is 1:1 fully-reserved and fiat-backed with U.S. dollars and U.S. Treasury Bonds held by the Tinian Municipal Treasurer in U.S. financial institutions. Every MUSD is wholly and instantly redeemable for one U.S. dollar under U.S. law.
$100
MUSD PERPETUAL RESERVES
On May 19, 2025, Tinian minted $100 of Marianas U.S. Dollar (MUSD) in an historic, commemorative, and ceremonial event establishing Tinian as launching the first fully-reserved fiat backed stable token issued by a public entity in the United States.
Senator Karl King-Nabors (Vice President, CNMI Senate, Second Senatorial District) and Vin Armani (Co-Founder & CTO, Marianas Rai Corp.) discuss the recent passage of Tinian Local Law 24-03 and the historic first mint of MUSD at the recent Saipan Chamber of Commerce (June 4, 2025).
Link to slides here.
WHAT MAKES MUSD SPECIAL?
GLOBAL
Send MUSD To Anyone
Instantly Without Central Party
ULTRA-SECURE
Every Transaction Leverages
Bitcoin’s Unbroken Security
MADE FOR COMMERCE
Digital Dollar For Retail,
Microtransactions, & More
SIMPLE TO USE
We Pay The Postage
No Gas Or Fees
PROVEN & SAFE
Battle-Tested Protocol
With No Smart Contracts
CONVERTIBLE
Bridge From XEC To EVM &
Other Smart Contract Chains
Tinian is one of the three principal islands of the Commonwealth of the Northern Mariana Islands (CNMI) and forms The Municipality of Tinian and Aguiguan with the nearby uninhabited island. Today, Tinian is home to 2,000 residents, the $1 billion Google Pacific Connect initiative, and the most advantageous tax Economic Incentive Development Zone.
The Commonwealth of the Northern Mariana Islands (the CNMI) is an unincorporated territory and commonwealth of the United States consisting of 14 islands in the northwestern Pacific Ocean. The CNMI has a singular arrangement with the U.S. administered, since 1978, by the Covenant and unique among the states, territories, and other commonwealths.
The Covenant is a “mutually binding” document that “establish[es] a self-governing commonwealth for the Northern Mariana Islands within the American political system and … define[s] the … relationship between the Northern Mariana Islands and the United States.”
THE TINIAN DIGITAL SANDBOX
The Municipality of Tinian and Aguiguan welcomes ecosystem partners to develop the future of digital financial technology. Tinian has positioned itself at the forefront of America’s digital financial future and the laboratory for digital governance.
MUSD provides the foundation for blockchain development and distribution of the functions for government such as identity, finance, safety, and administration. Tinian’s size and location, the Google Pacific Connect initiative, and the best Economic Incentive District, offer unmatched advantages.
Ecosystem development partners can quickly build financial services, standards, and applications with direct access to the MUSD API. U.S. states and territories may easily invest in, license, and impact the governance of MUSD.
FINANCIAL
banking, payments, fundraising,
lending, remittances, exchanges
STANDARDS
interoperability requirements
& revenue share systems
APPLICATIONS
commerce, gaming, royalties,
voting, communication, tickets
GOVERNANCE
partners to guide &
transform digital government
FAQ
What is MUSD?
The Marianas U.S. Dollar Token (MUSD) is the first fully-reserved, fiat-backed stable token issued by a public entity in the United States. MUSD is is exclusively issued as a Simple Ledger Protocol (SLP) token on the eCash (XEC) network, the most widely adopted Bitcoin token standard.
Who issues MUSD?
MUSD is issued by The Municipality of Tinian and Aguiguan, Commonwealth of the Northern Mariana Islands (CNMI), United States of America. The CNMI has a singular arrangement with the U.S. under the Covenant, which “…establish[es] a self-governing commonwealth.”
How are MUSD reserves held?
MUSD is 1:1 fully-reserved and fiat-backed with U.S. dollars and U.S. Treasury Bonds held by the Tinian Municipal Treasurer in U.S. financial institutions. Every MUSD is wholly and instantly redeemable for one U.S. dollar under U.S. law.
Can I convert MUSD to other currencies?
MUSD may be directly redeemed for U.S. dollars. Third party ecosystem partners may offer additional methods to exchange MUSD for global currencies and to convert MUSD into popular cryptocurrencies such as BTC, ETH, and others.
How can I use MUSD?
MUSD is digital cash and can be used in the same ways that you use currency today. MUSD can be sent directly peer-to-peer with no “gas” or fees. We pay the postage! Solutions for ecommerce and other industries will be available soon.
The MUSD Logo
The MUSD logo is dedicated to the rich history and culture, strength and resilience, and the natural ecosystem of the Commonwealth of the Northern Mariana Islands. The latte stone is the robust foundation, or cornerstone, of the traditional Chamorro building. The central star represents the CNMI’s relationship with the United States. The fourteen stars encircling the logo signify each of the fourteen Northern Mariana Islands. And the vibrant blue color reflects the islands’ location in the Mariana Trench, the deepest part of the ocean.
Si Yuus maase Tinian!
