Tinian Stable Token Account

Tinian Stable Token Account. (a) The Treasurer shall establish a local special account, to be called the Tinian Stable Token Reserve Account (TSTRA). This account shall be used for the issuance and redemption of Tinian Stable Token. Facility for the issuance and redemption of Tinian Stable Token shall be made generally available except to Persons deemed appropriate by the Mayor and Treasurer. (b) The TSTRA and associated Virtual Currency shall be administered by the Treasurer. The Treasurer shall, on a monthly basis, issue a written report to the Mayor and the Second Senatorial District Delegation detailing. (1) the total circulating Virtual Currency; (2) the amount of Virtual Currency issued into circulating in the previous month (3) the amount of Virtual Currency redeemed or otherwise removed from circulation in the previous month; and (4) the balance of the TSTRA, organized by type of funds. Source: TLL 24-03, § 6 (May 19, 2025). Commission Comment: In codifying TLL 24-03, the Commission renumbered “§ 103” to “§ 2353” pursuant to 1 CMC § 3806(a).