O Economic Daily News indica que "estes 6 bancos" podem lançar primeiro as stablecoins! Quais são as oportunidades de negócios com stablecoins em Taiwan?

Taiwan “Virtual Asset Service Law” in progress, market optimistic that 6 banks including CTBC may be the first to issue stablecoins. Although the Taiwan dollar stablecoin曾黯然退場 in the past, the Financial Supervisory Commission is optimistic that driven by supply chain payments, the New Taiwan dollar stablecoin will meet actual demand.

Taiwan’s 6 banks as potential issuers of stablecoins

The draft of Taiwan’s “Virtual Asset Service Law” has been approved by the Executive Yuan, although it has not yet passed the third reading in the Legislative Yuan, the FSC is actively drafting subsidiary regulations, initially planning to only allow domestic financial institutions to issue stablecoins, encouraging multiple operators to try.

According to the “Economic Daily News,” there are 6 banks rumored to be the first to issue stablecoins: CTBC Bank, Cathay United Bank, Taishin Bank, KGI Bank, Union Bank, and Taipei Fubon Bank.

These 6 banks’ strategies in blockchain and virtual asset-related fields are summarized as follows:

1. CTBC Bank: Approved by the FSC to pilot virtual asset custody services, focusing initially on Bitcoin and Ethereum, managed via cold wallets and private key sharding technology, and previously recruited blockchain engineers publicly in 2025.
2. Cathay United Bank: Approved to pilot virtual asset custody, targeting high-net-worth individual clients, and participating in the FSC RWA tokenization group, planning to trial on-chain bond issuance.
3. Taishin Bank: Currently receiving custody service guidance, recently collaborating with Taiwan Exchange HOYA BIT on New Taiwan dollar trust services, providing 24/7 deposit and withdrawal services.
4. KGI Bank: After obtaining pilot qualification, partnering with MaiCoin, BitoPro, and other legitimate Taiwanese trading platforms, transferring some assets into bank cold wallets for custody, and previously launching the “KGI Coin Enjoy Card” offering crypto rewards for card transactions.
5. Union Bank: Besides being approved for custody services, also acquired about 9.67% equity in MaiCoin through investment, strengthening its participation in Taiwan’s crypto market.
6. Fubon Bank: Established “TWEX Taiwan Big Virtual Asset Exchange” through Taiwan Mobile, with Fubon providing trust custody and cold wallet technology mechanisms.

In addition to these banks, Taiwan state-owned banks “First Commercial Bank” and “Hua Nan Bank” also expressed strong interest in stablecoins to the “Commercial Times”; E.SUN Financial Holding Chairman has also stated that the institution will not miss out on the stablecoin and tokenization markets.

Furthermore, blockchain enterprise settlement infrastructure provider Capital Layer and Taiwan’s largest system integrator DunYang Technology’s strategic distribution cooperation are also seen as part of their stablecoin布局.

In 2018, Taiwan’s first “Taiwan dollar stablecoin” quietly exited

On the other hand, years ago, Taiwan’s third-party payment provider Green World Fintech Services launched CryptoDT blockchain financial services and issued Taiwan dollar stablecoin (TWDT-ETH), using Ethereum ERC-20 token standard, each token pegged 1:1 to New Taiwan dollar, with circulating Taiwan dollar stablecoins representing trust account backing of NT$1, and total tokens equal to trust balance, with regular disclosures and accountant certification.

Recently, the company has repeatedly stated “stablecoins are stored-value cards” and criticized stablecoins as hype by crypto YouTuber Qu Bo Technology Classroom, back then, they actually praised Taiwan dollar stablecoin as “Taiwan’s first stablecoin,” expressing high expectations for blockchain development in Taiwan.

Image source: Qu Bo Technology Classroom Facebook page. The Taiwan dollar stablecoin launched by Green World was regarded as Taiwan’s first “Taiwan dollar stablecoin” at the time.

However, Taiwan dollar stablecoin lacked market demand and application scenarios, quickly delisted from partner exchanges and exited the scene. As Taiwan’s legal framework becomes clearer and international attention on stablecoins increases, whether Green World will restart or attract other payment providers to compete remains to be seen.

Will Taiwan’s stablecoin be ready by 2026?

According to current draft regulations, stablecoin issuers must maintain reserves of fiat currency received, and are not allowed to pay interest or rewards, raising questions about future profit models for issuers.

Informed sources told the “Economic Daily News” that the purpose of banks issuing stablecoins is to further explore opportunities in blockchain finance and real-world asset tokenization (RWA).

Deputy Chairperson of the FSC, Zhuang Xiuyuan, previously revealed that some Taiwanese import-export traders have begun actual transactions using stablecoins. As the amount of stablecoins held by traders gradually increases, they will inevitably seek to connect with traditional financial institutions.

After years of failure of Taiwan dollar stablecoin, is the market truly ready for Taiwan’s stablecoin? Zhuang Xiuyuan stated that, she is optimistic that driven by supply chain payment demands, domestic demand for New Taiwan dollar stablecoins will emerge, and the role of financial institutions at this time is to provide seamless integration between fiat and stablecoins.

Further reading:
Mega Bank tests stablecoin causing controversy! Blockchain experts mock: Nobel Prize level discourse, Yu Zhe’an and crypto editors also responded to the latest 2026 “Virtual Asset Service Law” draft summary: stablecoins, licenses, penalties explained.