PANews reported on April 15 that according to Cointelegraph, the Governor of the Northern Mariana Islands (a small U.S. territory located in the Pacific Ocean, north of Guam) vetoed legislation that would have allowed a local government in the territory to issue a stablecoin fully pegged to the U.S. dollar. Governor Arnold Palacios said he vetoed the bill because it "has multiple legal issues and may be unconstitutional." Palacios pointed out that the bill mainly involves issuing licenses to online casinos, but the activities that are attempted to be regulated cannot be "clearly limited" to Tinian Island. Tinian Island is part of the Northern Mariana Islands and hopes to issue a stablecoin. In vetoing the bill, Palacios did not comment on the proposed stablecoin, but objected to the bill's attempt to regulate industries that may cross jurisdictional boundaries, and pointed out that the bill lacks "strong law enforcement measures to prevent illegal gambling activities."

In February, Republican Senator Jude Hofschneider of the Northern Mariana Islands led a bill to amend a local law on Tinian Island to allow casino licenses that operate only on the Internet, with additional provisions allowing the Secretary of the Treasury of Tinian Island to issue, manage and redeem the "Tinian Stablecoin."