Tinian government launches USD-backed stablecoin on eCash network

In a recent post on X, layer-1 blockchain eCash (XEC) announced that the government of Tinian has launched MUSD, a U.S. dollar-pegged stablecoin, on the eCash network. Tinian is one of the three major islands in the U.S. Pacific territory of the Northern Mariana Islands. Earlier, it was reported that Tinian would become the first public entity in the U.S. to issue a dollar-pegged stablecoin that will be launched on the eCash (XEC) network.