En
menu
Site language
Ru En
Социальные сети

VeChain

$0.00 (+0.00%)

VeChain, the world's leading blockchain application platform driven by Enterprise Adoption.

ambcrypto.com Ethereum News: VeChain price prediction and Remittix surges towards $26 million raised after launching 15% USDT rewards

The latest Ethereum News wave has put the spotlight on old and new projects in the cryptocurrency industry. While Ethereum remains at the forefront of decentralized finance, VeChain Price action highlThe post Ethereum News: VeChain price prediction and Remittix surges towards $26 million raised after launching 15% USDT rewards appeared first on AMBCrypto.

2 ambcrypto.com
скрыть

bitcoinist.com Bitcoin Allocations Set To Explode Among US Institutions, Wall Street Veteran Says

Wall Street veteran Jordi Visser told reporters that US traditional finance firms are likely to raise their Bitcoin allocations before the end of the year. Related Reading: UAE Steps Up Global War On Crypto Crime – Details He expects demand to pick up in Q4 as portfolio managers set positions ahead of 2025. Some managers […]

3 bitcoinist.com
скрыть

altcoinbuzz.io Ripple Donates $25M to Support US Veterans, Small Businesses

The fintech company behind the RLUSD stablecoin announced a $25 million donation to two leading nonprofits: Accion Opportunity Fund and Hire Heroes USA. The funding, delivered in Ripple’s dollar-backed RLUSD, will expand access to capital for underserved small business owners. Ripple will also help create new career pathways for veterans and military spouses. Empowering Entrepreneurs […] The post Ripple Donates $25M to Support US Veterans, Small Businesses appeared first on Altcoin Buzz.

4 altcoinbuzz.io
скрыть

ambcrypto.com Solana and VeChain Further Drops Expected While A PayFi Challenger Accumulates Whales BTS

The latest market figures have Solana at $206.69, down by 0.37%, and a market cap of $111.85 billion. VeChain is meanwhile at $0.02389, up by 2.24%, and with a $2.05 billion market cap. Both assets reThe post Solana and VeChain Further Drops Expected While A PayFi Challenger Accumulates Whales BTS appeared first on AMBCrypto.

20 ambcrypto.com
скрыть

blockonomi.com Bitcoin Could Deliver 25x ROI by 2026 as VET and WLD Gain Analyst Backing

Crypto markets remain in focus as analysts predict a new supercycle for digital assets. Bitcoin leads the way, VeChain and Worldcoin gain fresh support, and MAGACOIN FINANCE is now seen as one of the strongest new altcoin opportunities. Bitcoin Path Toward $200,000 Analysts at Bernstein believe Bitcoin could trade between $150,000 and $200,000 within the [...] The post Bitcoin Could Deliver 25x ROI by 2026 as VET and WLD Gain Analyst Backing appeared first on Blockonomi.

22 blockonomi.com
скрыть

blockonomi.com Bitcoin Could Deliver 15x ROI by 2026 as VET and OKB Gain Institutional Attention

The cryptocurrency market is entering one of its most pivotal cycles yet. Analysts are buzzing with forecasts that Bitcoin could surge as much as 15x by 2026, potentially climbing to a range between $150,000 and $230,000 as institutional adoption accelerates through ETF inflows, Layer 2 scalability breakthroughs, and strengthening whale accumulation. Alongside Bitcoin, tokens like [...] The post Bitcoin Could Deliver 15x ROI by 2026 as VET and OKB Gain Institutional Attention appeared first on Blockonomi.

23 blockonomi.com
скрыть

blockonomi.com Cardano, VeChain or Layer Brett: Which Is the Best Crypto to Buy Right Now?

Cardano, VeChain and Layer Brett are all in the news, but which one is the best crypto to buy right now? Cardano is holding a crucial support zone, VeChain is getting ready for a possible breakout, and Layer Brett is getting a lot of attention because of its presale and big staking payouts. Cardano, which [...] The post Cardano, VeChain or Layer Brett: Which Is the Best Crypto to Buy Right Now? appeared first on Blockonomi.

24 blockonomi.com
скрыть

ambcrypto.com VeChain to $1 - How enterprise adoption could push VET to the moon by 2030

Could VeChain actually hit a dollar? It’s a moonshot, a fantasy for most altcoins trying to break out of the digital basement. But for VET, this isn't just about market mania. The conversation startThe post VeChain to $1 - How enterprise adoption could push VET to the moon by 2030 appeared first on AMBCrypto.

26 ambcrypto.com
скрыть

themerkle.com Best Cryptos for Future Growth in 2025: BlockDAG, VET, NEAR, ENA

Experts Are Watching These 4 Coins: BlockDAG, VET, NEAR, ENA Among Best Cryptos for Future If 2025 has made one thing clear, it’s that timing and narrative matter in crypto. The best cryptos for future growth aren’t just backed by good tech, they’re the ones making smart, timely moves that put them in the spotlight.   While many coins remain stuck in cycles of price action and silence, a select few are taking calculated steps to capture both capital and attention. Here are four standout projects you need to keep your eye on, starting with the one rewriting the playbook. The post Best Cryptos for Future Growth in 2025: BlockDAG, VET, NEAR, ENA appeared first on The Merkle News.

28 themerkle.com
скрыть

blockonomi.com Best Crypto to Buy Under $100 in 2025 — Cardano, NEAR, HBAR & VET Named Top Altcoins

Crypto traders searching for the best crypto to buy under $100 in 2025 are eyeing altcoins that combine accessibility with long-term narratives. Cardano, NEAR, Hedera, VeChain, and MAGACOIN Finance are all drawing attention as options trading under $100 that could see more interest this year. Cardano (ADA) Holds Institutional Interest At $0.85, Cardano remains one [...] The post Best Crypto to Buy Under $100 in 2025 — Cardano, NEAR, HBAR & VET Named Top Altcoins appeared first on Blockonomi.

30 blockonomi.com
скрыть

blockonomi.com MAGACOIN FINANCE, Ethereum & VET Forecast as 5 Best Altcoins for 2025 Growth Cycle

With the 2025 cryptocurrency heating up, investors are intensifying their search for the best altcoin to buy now. The reason is simple. A slowdown in the market is a strategic opportunity for crypto investors and traders to accumulate breakout tokens ahead of an expected bull run.  Analysts say the slowdown in the market is a [...] The post MAGACOIN FINANCE, Ethereum & VET Forecast as 5 Best Altcoins for 2025 Growth Cycle appeared first on Blockonomi.

32 blockonomi.com
скрыть

blockonomi.com Top Altcoin to Buy Now: Ethereum & XRP Veterans Load Up on 12,500% Gain Hidden Gem Pre-ETF

The alt season is starting to heat up. Traders are paying serious attention to Ethereum, XRP as well as a newcomer called MAGACOIN FINANCE. Each token is moving for different reasons, but they all have one thing in common — the momentum is hard to ignore. Ethereum Nears All-Time High as ETF Flows Surge Ethereum [...] The post Top Altcoin to Buy Now: Ethereum & XRP Veterans Load Up on 12,500% Gain Hidden Gem Pre-ETF appeared first on Blockonomi.

33 blockonomi.com
скрыть

blockonomi.com VeChain Joins Franklin Templeton, Bringing Crypto to Institutional Finance

TLDR: VeChain becomes client of Franklin Templeton, gaining access to regulated tokenized finance. Partnership introduces 24/7 financial network with instant liquidity and low-cost settlement. VeChain leverages Benji platform to enhance intraday yield and capital efficiency. Collaboration supports broader adoption of blockchain for enterprise and institutional users. VeChain has officially become a client of Franklin Templeton, [...] The post VeChain Joins Franklin Templeton, Bringing Crypto to Institutional Finance appeared first on Blockonomi.

35 blockonomi.com
скрыть

news.bitcoin.com Google Veteran: Seed Phrase Math Protects Bitcoin From Quantum Attack

Despite Microsoft’s breakthrough million-qubit quantum computer design, a former Google Europe veteran asserts that Bitcoin’s cryptography remains fundamentally secure for the foreseeable future. Quantum Threat to Bitcoin Overblown, Mathematical Reality Prevails According to Graham Cooke, a former Google veteran and the CEO of Brava, Microsoft’s development of “topological qubits,” touted for exceptional stability, promises machines […]

36 news.bitcoin.com
скрыть

blockonomi.com Grayscale Hires Wall Street Veterans as Founder Silbert Reclaims Chairman Role

TLDR Barry Silbert returns as Grayscale’s chairman after stepping down in 2023 amid legal issues Four Wall Street veterans join Grayscale’s executive team from firms like Bridgewater and Goldman Sachs Grayscale manages over $35 billion in assets across four crypto ETFs Despite losing market share, GBTC’s higher 1.5% fee generates more revenue than competing Bitcoin [...] The post Grayscale Hires Wall Street Veterans as Founder Silbert Reclaims Chairman Role appeared first on Blockonomi.

39 blockonomi.com
скрыть

themerkle.com How to Use Telegram and X (Twitter) to Vet New Projects

Investing in a new crypto project can feel like navigating a minefield of hype. One key way to stay safe is to vet the project’s community on Telegram and X (Twitter) for red flags like bots, fake engagement, and spam. In practice, this means comparing a group’s size to its activity, analyzing follower quality on X, and double-checking that the team’s claims match reality. We’ll walk through each technique step by step, including real-world examples and tools – so you can spot warning signs before committing any funds. 1. Analyze Telegram Group Quality Member count vs. actual engagement: A healthy The post How to Use Telegram and X (Twitter) to Vet New Projects appeared first on The Merkle News.

47 themerkle.com
скрыть

blockonomi.com From $0.035 Entry to $2 Goal, TradingView Veterans Say Mutuum Finance (MUTM) Will Be the Top Performer of 2025

Top TradingView analysts have earned a reputation for identifying breakout tokens long before the mainstream catches on. Their latest watchlist includes a DeFi up-and-comer that has begun gaining serious traction: Mutuum Finance (MUTM). With smart contract deployment on the rise and consistent on-chain activity signaling strong development momentum, experts are already drawing parallels to past [...] The post From $0.035 Entry to $2 Goal, TradingView Veterans Say Mutuum Finance (MUTM) Will Be the Top Performer of 2025 appeared first on Blockonomi.

48 blockonomi.com
скрыть

blockonomi.com VeChain Price Prediction: VET Bulls Defend $0.020 as Market Waits for Confirmation

TLDR: VeChain price sits above $0.020 support, a level that could spark an early bullish move if it holds. Trading volume is up 21% in 24 hours, showing rising activity at this critical price zone. RSI near support hints at possible bullish divergence that could trigger a Wave 3 rally. Failure to hold $0.020 may [...] The post VeChain Price Prediction: VET Bulls Defend $0.020 as Market Waits for Confirmation appeared first on Blockonomi.

49 blockonomi.com
скрыть

news.bitcoin.com Hong Kong to Vet Stablecoin Holders, Operations Over $8,000 to Be Scrutinized

The Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived from the usage of these assets. The authority explained that three types of institutions will be allowed to exert these verifications. HKMA: Hong Kong to Verify Stablecoin Users Hong Kong is now gearing […]

50 news.bitcoin.com
скрыть

bitcoinmagazine.com Wall Street Veteran Reconfirmed Bitcoin Price To Hit $444,000

Bitcoin Magazine Wall Street Veteran Reconfirmed Bitcoin Price To Hit $444,000 Former Wall Street trader Josh Mandell doubles down on his bold Bitcoin price prediction as institutional adoption accelerates. This post Wall Street Veteran Reconfirmed Bitcoin Price To Hit $444,000 first appeared on Bitcoin Magazine and is written by Vivek Sen.

51 bitcoinmagazine.com
скрыть

cryptobriefing.com $1.6 trillion Franklin Templeton taps VeChain to expand distribution of its tokenized treasury fund

The collaboration signifies a pivotal shift towards blockchain integration in traditional finance, enhancing efficiency and sustainability. The post $1.6 trillion Franklin Templeton taps VeChain to expand distribution of its tokenized treasury fund appeared first on Crypto Briefing.

65 cryptobriefing.com
скрыть

blockonomi.com Wanchain powers VeChain’s expansion into cross-chain DeFi

London, 10th July, 2025 – Leading enterprise blockchain platform, VeChain, announces the launch of its first-ever cross-chain bridge with Wanchain, the industry’s longest-running decentralised interoperability solution. The bridge connects the VeChain ecosystem with over 40 major blockchains. VeChain is an enterprise blockchain platform that ranks among the top 50 most valuable chains, with a market [...] The post Wanchain powers VeChain’s expansion into cross-chain DeFi appeared first on Blockonomi.

71 blockonomi.com
скрыть

bitcoinist.com Arizona Governor Vetoes Revived Bitcoin Reserve Bill For Seized Assets

Arizona’s governor has rejected a recently revived bill that would have established a Bitcoin (BTC) Reserve comprised of seized digital assets. The legislation became the third crypto bill to be rejected by the governor this session. Related Reading: Malaysia Proposes Crypto Exchange Rules Overhaul To Boost Competitiveness – Details Governor Hobbs Says No To Bitcoin […]

72 bitcoinist.com
скрыть

blockonomi.com Arizona Governor Hobbs Vetoes Digital Asset Reserve Bill, Stalling State Crypto Agenda

TLDR: Arizona Third consecutive veto signals continuing friction between lawmakers and the governor. HB 2324 sought to fund a state crypto reserve using assets seized in criminal cases. Hobbs warned removing seized coins from local agencies could hinder joint investigations. Contrast emerges with HB 2749, which created a treasury‑run Bitcoin reserve earlier. Arizona’s crypto ambitions hit another [...] The post Arizona Governor Hobbs Vetoes Digital Asset Reserve Bill, Stalling State Crypto Agenda appeared first on Blockonomi.

79 blockonomi.com
скрыть

bitcoinist.com Invesco Hires JP Morgan Veteran to Lead $1.6B Crypto Business: New Bitcoin Era Looms

Invesco, a $1.9T asset manager, has announced the appointment of Kathleen Wrynn as its main crypto ETF manager. Former JP Morgan veteran, Wrynn is tasked with organizing Invesco’s digital asset strategy and managing its portfolio. According to an Invesco statement, the company has $1.6 billion in digital asset ETFs under management, including three Blockchain and […]

88 bitcoinist.com
скрыть

blockonomi.com VeChain Stargate Upgrade Could Fuel Major Growth as Ecosystem Expands

TLDR: VeChain to launch Stargate upgrade with higher staking rewards and validator tiers. UFC’s Dana White joins VeChain as advisor, signaling stronger mainstream brand growth. Mugshot app hits 1M users as VeChain integrates NFT staking and cross-chain support. VET eyes $0.12 recovery as ecosystem expansion meets technical breakout potential. VeChain (VET) is positioning itself for [...] The post VeChain Stargate Upgrade Could Fuel Major Growth as Ecosystem Expands appeared first on Blockonomi.

89 blockonomi.com
скрыть

blockonomi.com VeChain Gears Up for Renaissance Upgrade Amid VET Price Pressure

TLDR: VeChain Renaissance upgrade will revamp tokenomics, governance, and network scalability. VET remains above key $0.0221 support, maintaining April’s uptrend amid market uncertainty. StarGate, set for July, introduces cross-chain features to boost liquidity and interoperability. Lower staking thresholds aim to increase user participation and reward long-term holders. VeChain is preparing to launch its most comprehensive [...] The post VeChain Gears Up for Renaissance Upgrade Amid VET Price Pressure appeared first on Blockonomi.

92 blockonomi.com
скрыть

blockonomi.com VeChain’s Upcoming Stargate Staking Launch Could Trigger Major VET Price Rally

TLDR: VeChain’s Stargate staking launches July 1 with high APYs and early staking bonuses. Technical charts show bullish pin-bar reversal at $0.0276 support on VET’s daily timeframe. Breaking $0.0325 could push VET toward $0.0385 and $0.0461 in rapid upward momentum. Institutional backing and reduced token supply may drive long-term price growth for VET. VeChain appears [...] The post VeChain’s Upcoming Stargate Staking Launch Could Trigger Major VET Price Rally appeared first on Blockonomi.

93 blockonomi.com
скрыть

news.bitcoin.com VeChain Launches Bridge Enabling Interoperability With Bitcoin, Ethereum, and 40 More Cryptos

VeChain has announced the launch of its bridge through an integration with Wanchain, enabling interoperability with bitcoin, ethereum, and over 40 other leading blockchains. This milestone marks a significant evolution in VeChain’s transition to a fully interconnected Web3 ecosystem, allowing users to bridge assets such as BTC, ETH, and USDC directly into VeChain while also […]

95 news.bitcoin.com
скрыть

blockonomi.com Wanchain Unveils First-Ever Cross-Chain Bridge Connecting Vechain To Ethereum, Bitcoin, Solana And More

Leading enterprise blockchain platform, VeChain, has partnered with the industry’s longest-running decentralized interoperability solution, Wanchain, to launch its first-ever cross-chain bridge. The bridge connects the VeChain ecosystem with major blockchains, including Ethereum, Bitcoin, and Solana. The Wanchain Bridge will allow users to transfer assets such as ETH, USDC, USDT, VET, VTHO, B3TR, BTC, SOL, XRP, [...] The post Wanchain Unveils First-Ever Cross-Chain Bridge Connecting Vechain To Ethereum, Bitcoin, Solana And More appeared first on Blockonomi.

96 blockonomi.com
скрыть

cointelegraph.com Stablecoin bill passes in Northern Marianas as House overrides veto

The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor.The 20-member Northern Mariana Islands House voted 14-2 to undo Governor Arnold Palacios’ April 11 veto of the bill, which allows the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The territory’s nine-member Senate had revived the bill on May 9, voting 7-1 in a two-thirds majority to override the veto, which then needed a two-thirds majority in the House to pass.Representative Marissa Flores (top left) had urged for “thoughtful deliberation” on the internet gaming and stablecoin bill. Source: YouTubeOriginally, a four-member Tinian delegation to the Marianas legislature had unanimously passed the bill to Governor Palacios on March 12.It may put the Tinian government in the lead to be the first US public entity to issue a stablecoin, which it must do before July if it’s to beat the state of Wyoming government, which is aiming to issue a stablecoin by then.Tinian has just over 2,000 residents and a largely tourism-based economy. Its local government, the Municipality of Tinian and Aguiguan, is one of four municipalities in the Commonwealth of the Northern Mariana Islands, a US territory in the Pacific Ocean north of Guam.Governor Palacios said in a letter that he vetoed the bill as it “presents several legal issues and may be unconstitutional,” would regulate an activity that could not “be clearly restricted” to Tinian and that it lacked needed enforcement measures to counter illegal gambling.The stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury, according to statements shared with Cointelegraph in March.The Tinian government chose local tech services firm Marianas Rai Corporation as the exclusive infrastructure provider for MUSD, which will be launched on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash, a blockchain forked from Bitcoin.A Marianas Rai Corp. spokesperson did not comment beyond telling Cointelegraph the company would announce more on MUSD on May 19.“Bitter pill to swallow”Before the vote, House lawmakers heard from the public and discussed overturning Governor Palacios’ veto before they voted it through, with independent House floor leader Marissa Flores airing concerns over the bill.Marianas Rai Corp. co-founder and technology chief Vin Armani had urged lawmakers to undo the veto, saying the bill would “attract billions of dollars of investment and tax revenue” from the crypto industry without the government having to pitch in.Clyde Norita, a Marianas Rai Corp. director and local legal cannabis mogul, told the House that the local economy was “dying out” and the bill would allow business in the region “without affecting our culture, without affecting our environment, without affecting our immigration status.”Representative Flores, who voted against the override, said, "Every time we talk about casinos, there’s always some kind of bitter pill to swallow.”Related: Stablecoin regulation 'next catalyst' for crypto industry — Aptos head “It is true, we are in dire need of money, but what I don’t like is when we are desperate, and we are now forced to make a decision because we are desperate once again,” she added. “Every time we’re desperate, it always seems that we come back to casinos.”“I don’t like to be pushed to a corner to make a decision based on fear,” Flores said.Others were more supportive of the measure, with Republican Representative Patrick San Nicolas, a Tinian delegation member who initially voted on the bill, saying it would help pull the region out of “a deep economic crisis.”“We need this legislation to unlock our potential,” he added. “This bill does not depend on tourists or federal subsidies — it builds a digital industry generating revenue from a licensed jurisdiction.”Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight 

98 cointelegraph.com
скрыть

cointelegraph.com Stablecoin bill passes in Northern Marianas as House overrides veto

The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor.The 20-member Northern Mariana Islands House voted 14-2 to undo Governor Arnold Palacios’ April 11 veto of the bill, which allows the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The territory’s nine-member Senate had revived the bill on May 9, voting 7-1 in a two-thirds majority to override the veto, which then needed a two-thirds majority in the House to pass.Representative Marissa Flores (top left) had urged for “thoughtful deliberation” on the internet gaming and stablecoin bill. Source: YouTubeOriginally, a four-member Tinian delegation to the Marianas legislature had unanimously passed the bill to Governor Palacios on March 12.It may put the Tinian government in the lead to be the first US public entity to issue a stablecoin, which it must do before July if it’s to beat the state of Wyoming government, which is aiming to issue a stablecoin by then.Tinian has just over 2,000 residents and a largely tourism-based economy. Its local government, the Municipality of Tinian and Aguiguan, is one of four municipalities in the Commonwealth of the Northern Mariana Islands, a US territory in the Pacific Ocean north of Guam.Governor Palacios said in a letter that he vetoed the bill as it “presents several legal issues and may be unconstitutional,” would regulate an activity that could not “be clearly restricted” to Tinian and that it lacked needed enforcement measures to counter illegal gambling.The stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury, according to statements shared with Cointelegraph in March.The Tinian government chose local tech services firm Marianas Rai Corporation as the exclusive infrastructure provider for MUSD, which will be launched on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash, a blockchain forked from Bitcoin.A Marianas Rai Corp. spokesperson did not comment beyond telling Cointelegraph the company would announce more on MUSD on May 19.“Bitter pill to swallow”Before the vote, House lawmakers heard from the public and discussed overturning Governor Palacios’ veto before they voted it through, with independent House floor leader Marissa Flores airing concerns over the bill.Marianas Rai Corp. co-founder and technology chief Vin Armani had urged lawmakers to undo the veto, saying the bill would “attract billions of dollars of investment and tax revenue” from the crypto industry without the government having to pitch in.Clyde Norita, a Marianas Rai Corp. director and local legal cannabis mogul, told the House that the local economy was “dying out” and the bill would allow business in the region “without affecting our culture, without affecting our environment, without affecting our immigration status.”Representative Flores, who voted against the override, said, "Every time we talk about casinos, there’s always some kind of bitter pill to swallow.”Related: Stablecoin regulation 'next catalyst' for crypto industry — Aptos head “It is true, we are in dire need of money, but what I don’t like is when we are desperate, and we are now forced to make a decision because we are desperate once again,” she added. “Every time we’re desperate, it always seems that we come back to casinos.”“I don’t like to be pushed to a corner to make a decision based on fear,” Flores said.Others were more supportive of the measure, with Republican Representative Patrick San Nicolas, a Tinian delegation member who initially voted on the bill, saying it would help pull the region out of “a deep economic crisis.”“We need this legislation to unlock our potential,” he added. “This bill does not depend on tourists or federal subsidies — it builds a digital industry generating revenue from a licensed jurisdiction.”Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight 

99 cointelegraph.com
скрыть

cointelegraph.com Stablecoin bill passes in Northern Marianas as House overrides veto

The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor.The 20-member Northern Mariana Islands House voted 14-2 to undo Governor Arnold Palacios’ April 11 veto of the bill, which allows the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The territory’s nine-member Senate had revived the bill on May 9, voting 7-1 in a two-thirds majority to override the veto, which then needed a two-thirds majority in the House to pass.Representative Marissa Flores (top left) had urged for “thoughtful deliberation” on the internet gaming and stablecoin bill. Source: YouTubeOriginally, a four-member Tinian delegation to the Marianas legislature had unanimously passed the bill to Governor Palacios on March 12.It may put the Tinian government in the lead to be the first US public entity to issue a stablecoin, which it must do before July if it’s to beat the state of Wyoming government, which is aiming to issue a stablecoin by then.Tinian has just over 2,000 residents and a largely tourism-based economy. Its local government, the Municipality of Tinian and Aguiguan, is one of four municipalities in the Commonwealth of the Northern Mariana Islands, a US territory in the Pacific Ocean north of Guam.Governor Palacios said in a letter that he vetoed the bill as it “presents several legal issues and may be unconstitutional,” would regulate an activity that could not “be clearly restricted” to Tinian and that it lacked needed enforcement measures to counter illegal gambling.The stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury, according to statements shared with Cointelegraph in March.The Tinian government chose local tech services firm Marianas Rai Corporation as the exclusive infrastructure provider for MUSD, which will be launched on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash, a blockchain forked from Bitcoin.A Marianas Rai Corp. spokesperson did not comment beyond telling Cointelegraph the company would announce more on MUSD on May 19.“Bitter pill to swallow”Before the vote, House lawmakers heard from the public and discussed overturning Governor Palacios’ veto before they voted it through, with independent House floor leader Marissa Flores airing concerns over the bill.Marianas Rai Corp. co-founder and technology chief Vin Armani had urged lawmakers to undo the veto, saying the bill would “attract billions of dollars of investment and tax revenue” from the crypto industry without the government having to pitch in.Clyde Norita, a Marianas Rai Corp. director and local legal cannabis mogul, told the House that the local economy was “dying out” and the bill would allow business in the region “without affecting our culture, without affecting our environment, without affecting our immigration status.”Representative Flores, who voted against the override, said, "Every time we talk about casinos, there’s always some kind of bitter pill to swallow.”Related: Stablecoin regulation 'next catalyst' for crypto industry — Aptos head “It is true, we are in dire need of money, but what I don’t like is when we are desperate, and we are now forced to make a decision because we are desperate once again,” she added. “Every time we’re desperate, it always seems that we come back to casinos.”“I don’t like to be pushed to a corner to make a decision based on fear,” Flores said.Others were more supportive of the measure, with Republican Representative Patrick San Nicolas, a Tinian delegation member who initially voted on the bill, saying it would help pull the region out of “a deep economic crisis.”“We need this legislation to unlock our potential,” he added. “This bill does not depend on tourists or federal subsidies — it builds a digital industry generating revenue from a licensed jurisdiction.”Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight 

100 cointelegraph.com
скрыть