Taiwan Announces Launch of Regulated Stablecoin for Increased Financial Stability

Taiwan is set to launch a government-backed stablecoin by the second half of 2026, aiming to enhance domestic financial stability. This initiative aligns with the EU’s MiCA framework and will be overseen by the Financial Supervisory Commission (FSC). Licensed banks will issue the stablecoin, ensuring full reserve backing and compliance requirements. The stablecoin aims to reduce reliance on foreign stablecoins such as USDT and USDC, while potentially influencing Bitcoin and Ethereum market dynamics through increased institutional adoption.