Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Taiwan Authorities Say Island's Fir
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Taiwan Authorities Say Island's Fir
Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year
Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year
Regulators have not decided whether the token will be tied to the Taiwan dollar or the U.S. dollar, a choice that will determine how deeply it tests the island’s currency controls.
By Sam Reynolds|Edited by Sheldon Reback
Dec 3, 2025, 9:09 a.m.
Taipei skyline (Vas/Unsplash modified by CoinDesk)
What to know:
- Taiwan's first locally issued stablecoin could launch in late 2026, pending regulatory decisions on the currency backing.
- The Financial Supervisory Commission is drafting regulations that could allow financial institutions to lead the initial issuance of stablecoins.
- The decision on whether the stablecoin will be tied to the U.S. dollar or Taiwan dollar remains unresolved.
Taiwan could see its first locally issued stablecoin go live in the second half of 2026, though regulators have not yet decided on the currency the token will be tied to.
Local media in Taiwan report Financial Supervisory Commission Chair Peng Jin-long told lawmakers this week that the draft Virtual Assets Service Act has cleared initial cabinet reviews and could pass its third reading next session. Regulations specific to stablecoins would follow within six months, putting the earliest possible launch in late 2026.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up
The legislation does not restrict issuers to banks, although the FSC and Taiwan’s central bank have agreed that financial institutions will lead issuance in the initial stage, Peng said.
What remains unclear is the currency backing: A stablecoin is a digital token whose value is tied to that of a real-world asset such as a fiat currency. Peng said the stablecoin could be pegged to the U.S. dollar or the Taiwan dollar, depending on market demand, but no decision has been made.
A U.S. dollar-backed coin would bypass the thorniest issue in Taiwan’s financial system: the strict limits on exporting the Taiwan currency offshore.
Taiwan’s currency cannot legally circulate offshore, and the central bank has a long record of policing attempts to use it for transactions without a direct connection to the island.
Stablecoins by design facilitate cross-border settlement, a feature that could undermine decades of efforts to keep the currency onshore and prevent unofficial offshore pricing.
For now, regulators are drafting rules based on full reserve backing, strict segregation of assets and domestic custody requirements.
But the basic question of what currency Taiwan’s first stablecoin will represent remains unresolved, and the choice will determine whether the project becomes a low-risk payments tool or a challenge to the island’s currency framework.
TaiwanStablecoins
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Poland's President Vetoes MiCA Bill, Cites Threats to 'Freedoms of Poles'
President Karol Narwocki was concerned that the Cryptoasset Market Act would allow the government to disable crypto companies websites "with a single click."
What to know:
- President Karol Nawrocki of Poland has refused to sign a bill that would have imposed sterner regulations on the cryptocurrency market.
- The president vetoed provisions of the bill on the basis that they "pose a real threat to the freedom of Poles."
- "Overregulation is a surefire way to push companies abroad instead of creating the conditions for them to earn and pay taxes in Poland," according to the president.
Read full story
Latest Crypto News
BlackRock's Spot Bitcoin ETF Options Secure U.S. Top 10 Ranking With 7.7M Active Contracts
Yi He, Arguably Crypto's Most Powerful Woman, Becomes Binance’s New Co-CEO
This Bitcoin-Led, Institutionally Anchored Cycle Shows the Three-Month Drop Isn’t a Winter: Glassnode
Dogecoin Posts Strongest Move in Weeks. Is $0.15 the Next Target?
$6.5K Ether Bets Dominate Deribit Open Interest
SOL, ADA, XRP Zoom 12% as Bitcoin Bounces Above $93K. But Will The Rally Last?
Top Stories
Yi He, Arguably Crypto's Most Powerful Woman, Becomes Binance’s New Co-CEO
Ether 'Bear Trap' Confirmed as Bitcoin Probes $93K, XRP Eyes $2.30 Hurdle
SOL, ADA, XRP Zoom 12% as Bitcoin Bounces Above $93K. But Will The Rally Last?
This Bitcoin-Led, Institutionally Anchored Cycle Shows the Three-Month Drop Isn’t a Winter: Glassnode
Strategy Gains Nearly 20% From Monday Low as Bear Gloating Suggests at Least Temporary Bottom
Bank of America Greenlights Wealth Advisers to Recommend Up to 4% Bitcoin Allocation
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP bulls eye expansion as pre-breakout accumulation phase completes
XRP has likely finished an accumulation base and is entering a potential expansion phase into 2025–2026, with support, RSI and fractals all tilting the structure
Share
Crypto.news2025/12/11 20:27
USDC Treasury mints 250 million new USDC on Solana
PANews reported on September 17 that according to Whale Alert , at 23:48 Beijing time, USDC Treasury minted 250 million new USDC (approximately US$250 million) on the Solana blockchain .
Share
PANews2025/09/17 23:51
Edges higher ahead of BoC-Fed policy outcome
The post Edges higher ahead of BoC-Fed policy outcome appeared on BitcoinEthereumNews.com. USD/CAD gains marginally to near 1.3760 ahead of monetary policy announcements by the Fed and the BoC. Both the Fed and the BoC are expected to lower interest rates. USD/CAD forms a Head and Shoulder chart pattern. The USD/CAD pair ticks up to near 1.3760 during the late European session on Wednesday. The Loonie pair gains marginally ahead of monetary policy outcomes by the Bank of Canada (BoC) and the Federal Reserve (Fed) during New York trading hours. Both the BoC and the Fed are expected to cut interest rates amid mounting labor market conditions in their respective economies. Inflationary pressures in the Canadian economy have cooled down, emerging as another reason behind the BoC’s dovish expectations. However, the Fed is expected to start the monetary-easing campaign despite the United States (US) inflation remaining higher. Investors will closely monitor press conferences from both Fed Chair Jerome Powell and BoC Governor Tiff Macklem to get cues about whether there will be more interest rate cuts in the remainder of the year. According to analysts from Barclays, the Fed’s latest median projections for interest rates are likely to call for three interest rate cuts by 2025. Ahead of the Fed’s monetary policy, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto Tuesday’s losses near 96.60. USD/CAD forms a Head and Shoulder chart pattern, which indicates a bearish reversal. The neckline of the above-mentioned chart pattern is plotted near 1.3715. The near-term trend of the pair remains bearish as it stays below the 20-day Exponential Moving Average (EMA), which trades around 1.3800. The 14-day Relative Strength Index (RSI) slides to near 40.00. A fresh bearish momentum would emerge if the RSI falls below that level. Going forward, the asset could slide towards the round level of…
Share
BitcoinEthereumNews2025/09/18 01:23