#稳定币发展 analyzes the plan for Taiwan's first regulated stablecoin. The project is expected to launch by the end of 2026, indicating a cautious attitude from regulators towards the cryptocurrency market. Notably, issuance is not limited to banks, but initially will be led by financial institutions. The key issue is the stablecoin's pegged asset – whether it will be tied to the US dollar or the New Taiwan dollar, which will directly affect its use cases and market acceptance. It is recommended to closely monitor future regulatory details and market reactions, especially the potential impact on the existing crypto ecosystem. This move could serve as a reference for other Asian countries and promote the standardized development of stablecoins in the region.