The post Taiwan Plans First Local Stablecoin Issuance by 2026 appeared on BitcoinEthereumNews.com. Key Points: Taiwan targets stablecoin launch by 2026, pending regulatory decisions. Bank-led issuance approved under new regulations. USD or TWD pegged stablecoin undecided. Taiwan’s Financial Supervisory Commission announced plans to launch the region’s first stablecoin by the end of 2026, pending regulatory approval, with issuers expected to be financial institutions. This stablecoin initiative could reshape Taiwan’s financial landscape by offering a regulated crypto option, potentially affecting currency control and cross-border transactions. Taiwan’s Stablecoin Strategy to Transform Financial Landscape Initial issuance will be led by financial institutions in Taiwan, pending the Virtual Asset Service Act’s approval. Stablecoins may be pegged to the local currency or the USD, impacting Taiwan’s currency controls. Thomas Huang, Chairman of Taiwan’s Financial Supervisory Commission, highlighted the legislation’s progress, with a draft act expected by mid-2026. Taiwan’s stablecoin launch could transform cross-border settlements and affect the Taiwan Dollar’s offshore circulation. Peng Jin-long remarked, “Our stablecoin will significantly reduce remittance costs and supercharge DeFi liquidity within Mandarin-speaking markets.” The decision between USD and TWD backing remains, with a strong potential to reduce remittance costs. Taiwan’s stablecoin initiative aims to boost liquidity and DeFi opportunities in Mandarin-speaking regions, enhancing regulatory alignment with the EU’s MiCA. Market analysts observe potential impacts on Taiwan’s economy, with prominent voices voicing cautious optimism. Huang’s statements coincide with institutional engagements, highlighting Taiwan’s ambition to become Asia’s most crypto-friendly economy by 2027. Market Insights and Economic Implications of Taiwan’s CBDC Launch Did you know? Taiwan’s approach mirrors the European Union’s MiCA framework, aiming to be a leader in regulated crypto ecosystems amid evolving Asian market dynamics. Ethereum’s price stands at $3,061.06 with a market cap of $369.46 billion, noting a 9.00% increase over 24 hours. Market data from CoinMarketCap suggests ongoing volatility over 90 days, affecting ETH trading volumes and market dominance. Ethereum(ETH), daily chart,… The post Taiwan Plans First Local Stablecoin Issuance by 2026 appeared on BitcoinEthereumNews.com. Key Points: Taiwan targets stablecoin launch by 2026, pending regulatory decisions. Bank-led issuance approved under new regulations. USD or TWD pegged stablecoin undecided. Taiwan’s Financial Supervisory Commission announced plans to launch the region’s first stablecoin by the end of 2026, pending regulatory approval, with issuers expected to be financial institutions. This stablecoin initiative could reshape Taiwan’s financial landscape by offering a regulated crypto option, potentially affecting currency control and cross-border transactions. Taiwan’s Stablecoin Strategy to Transform Financial Landscape Initial issuance will be led by financial institutions in Taiwan, pending the Virtual Asset Service Act’s approval. Stablecoins may be pegged to the local currency or the USD, impacting Taiwan’s currency controls. Thomas Huang, Chairman of Taiwan’s Financial Supervisory Commission, highlighted the legislation’s progress, with a draft act expected by mid-2026. Taiwan’s stablecoin launch could transform cross-border settlements and affect the Taiwan Dollar’s offshore circulation. Peng Jin-long remarked, “Our stablecoin will significantly reduce remittance costs and supercharge DeFi liquidity within Mandarin-speaking markets.” The decision between USD and TWD backing remains, with a strong potential to reduce remittance costs. Taiwan’s stablecoin initiative aims to boost liquidity and DeFi opportunities in Mandarin-speaking regions, enhancing regulatory alignment with the EU’s MiCA. Market analysts observe potential impacts on Taiwan’s economy, with prominent voices voicing cautious optimism. Huang’s statements coincide with institutional engagements, highlighting Taiwan’s ambition to become Asia’s most crypto-friendly economy by 2027. Market Insights and Economic Implications of Taiwan’s CBDC Launch Did you know? Taiwan’s approach mirrors the European Union’s MiCA framework, aiming to be a leader in regulated crypto ecosystems amid evolving Asian market dynamics. Ethereum’s price stands at $3,061.06 with a market cap of $369.46 billion, noting a 9.00% increase over 24 hours. Market data from CoinMarketCap suggests ongoing volatility over 90 days, affecting ETH trading volumes and market dominance. Ethereum(ETH), daily chart,…