The first regulated stablecoin in Taiwan, China, is expected to be launched next year

According to CoinDesk, Taiwan's first locally issued stablecoin may launch in the second half of 2026, but regulators have yet to decide on the type of currency the token will be pegged to.

Taiwan's Financial Supervisory Commission Chairman Peng Chin-long stated to lawmakers that the draft of the "Virtual Asset Service Act" has passed preliminary cabinet review and may be approved in three readings in the next session. Special regulations for stablecoins are expected to be introduced within six months, with the earliest launch possibly by the end of 2026.

The bill does not restrict issuers to being banks, but the Financial Supervisory Commission and the central bank have reached a consensus that financial institutions will lead the issuance in the initial stage. It is still unclear what currency will back the stablecoin: it may be pegged to the US dollar or the New Taiwan dollar, depending on market demand.