#稳定币发展 Looking back at the development history of stablecoins, from the initial USDT to the various forms emerging today, each step carries the evolution of blockchain finance. Taiwan's upcoming launch of a regulated stablecoin is undoubtedly another milestone in this process. The end of 2026 coincides with the upward phase of the next cryptocurrency cycle, and the timing can be said to be perfect.

However, balancing regulation and innovation has always been a challenge. From past experience, excessive regulation may stifle innovation, while insufficient regulation could trigger systemic risks. The Taiwanese authorities' decision to let financial institutions lead the initial issuance is a cautious approach worth recognizing, but it should not be overly conservative. After all, true innovation often comes from free market competition.

As for choosing between the US dollar or the New Taiwan dollar as the anchor currency, this decision will influence the application scenarios and development potential of the stablecoin. Opting for the US dollar may make it easier to integrate into the global crypto ecosystem; choosing the New Taiwan dollar could better serve local financial needs. In any case, this will be a valuable experiment, providing new reference models for the development of global stablecoins.