The cryptocurrency landscape in Taiwan is evolving rapidly, with MaiCoin leading the charge by introducing a groundbreaking service: the launch of Tether (USDT-ERC20) trading on its platform. This marks a significant milestone as the first domestic buy-sell platform in Taiwan to offer stablecoin trading, setting a new standard for digital asset accessibility and financial innovation.
What Makes USDT a Game-Changer?
Tether (USDT), the world’s most traded cryptocurrency by volume, combines the price stability of fiat currency with the speed and flexibility of blockchain technology. According to CoinMarketCap data, USDT ranks as the fifth-largest cryptocurrency by market capitalization and accounts for 96% of all stablecoin circulation. Its 1:1 peg to the U.S. dollar makes it an ideal tool for hedging against market volatility while enabling seamless value transfer across digital ecosystems.
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Why Stability Matters in Crypto
Stablecoins like USDT bridge two critical financial needs: stability and liquidity. Unlike highly volatile assets such as Bitcoin or Ethereum, USDT maintains consistent value, making it perfect for everyday transactions, remittances, and portfolio protection during turbulent markets.
Alex Liu, CEO of MaiCoin, emphasizes this dual advantage: “Our mission has always been to make digital assets accessible to everyone. By listing USDT, we’re giving Taiwanese users a simple way to engage with a new class of financial assets that are both stable and globally transferable.”
Since its inception in 2014, MaiCoin has focused on simplifying crypto adoption through local currency integration. Now, with USDT now available alongside Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), users can seamlessly switch between high-growth cryptocurrencies and stable digital dollars—all within a secure, regulated environment.
MaiCoin’s Strategic Vision: Beyond Trading
MaiCoin isn’t just building a trading platform—it’s shaping the future of cross-border digital value exchange. The group’s broader strategy positions it at the forefront of blockchain innovation, particularly in response to global developments like Facebook’s Libra initiative (now Diem).
Under the MaiCoin Group umbrella, AMIS—a blockchain infrastructure company and founding member of the Enterprise Ethereum Alliance—has been developing solutions aligned with Libra’s core principles years before its announcement. AMIS created a prototype similar to Libra’s design four years ago and continues to pioneer real-world applications.
Real-World Blockchain Integration
In 2019, AMIS partnered with Taipei Fubon Bank and Taishin Bank to implement blockchain-based interbank clearing using digital wallets. This project received regulatory approval from Taiwan’s Financial Supervisory Commission (FSC) to enter a regulatory sandbox in August, paving the way for live testing of decentralized cross-bank transfers.
This achievement represents a major leap toward modernizing traditional finance using distributed ledger technology—proving that blockchain isn’t just for speculation but can power efficient, low-cost financial infrastructure.
Bridging Global Networks: LibraBridge
As part of its international outreach, AMIS developed LibraBridge, a proof-of-concept system designed to connect Facebook’s Libra network with the Ethereum blockchain. The team presented this technology at Crosslink 2019 Taiwan, demonstrating how interoperability between different blockchain ecosystems could unlock new possibilities for global payments.
Such initiatives underscore MaiCoin Group’s long-term goal: to become a node operator for Libra (Diem), contributing to a decentralized, borderless financial system.
Expanding Access and Security
Looking ahead, MaiCoin plans to enhance platform security, expand product features, and integrate cryptocurrency purchasing options into more physical locations across Taiwan. The company also intends to list additional stablecoins beyond USDT, reinforcing its commitment to providing diverse, reliable digital asset options.
“Our vision goes beyond investment,” says Liu. “We want digital currencies to become part of daily life—used not just for trading but for transferring value instantly, securely, and affordably.”
A Milestone Promotion
To celebrate the launch of USDT trading, MaiCoin hosted a limited-time campaign from October 31 to December 31, 2019. Users who completed their first trades in BTC, ETH, LTC, or USDT-ERC20 with cumulative transactions exceeding NT$50,000 were eligible to receive premium gifts like wireless Bluetooth earbuds. With only 200 rewards available, the promotion highlighted strong user interest in stablecoin adoption.
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Understanding Tether (USDT)
Tether USD (USDT), commonly known as "Tether," was launched in 2015 by Tether Limited, a company affiliated with Bitfinex—one of the world’s largest crypto exchanges. Each USDT token is backed by one U.S. dollar held in reserve, ensuring a stable 1:1 exchange rate.
This mechanism allows traders and investors to avoid exposure to extreme price swings while remaining within the crypto ecosystem. For markets with limited banking access or high inflation, USDT serves as a trusted store of value and medium of exchange.
Notably, MaiCoin MAX Exchange ranks among the top three global platforms supporting both Omni Layer and ERC-20 versions of USDT—a rare technical capability that enhances user flexibility and transaction efficiency.
About MaiCoin Group
Founded in 2014, MaiCoin Group is Taiwan’s longest-running digital asset trading group. It operates multiple subsidiaries:
- MaiCoin: Enables NT$-to-crypto purchases; first in Taiwan to support ETH and LTC withdrawals in local currency.
- MAX Exchange: Launched in early 2018, it achieved over NT$5.4 billion in trading volume within seven months and ranked 15th globally. MAX was also the first exchange worldwide to place customer funds under bank trust custody.
- AMIS: Blockchain infrastructure developer; contributed consensus algorithms adopted by JPMorgan’s Quorum platform.
- MaiCapital: A Hong Kong SFC-licensed hedge fund focusing on quantitative strategies in blockchain and alternative assets.
Together, these entities form a vertically integrated ecosystem driving innovation, compliance, and mass adoption.
Frequently Asked Questions (FAQ)
Q: What is USDT and why is it important?
A: USDT (Tether) is a stablecoin pegged 1:1 to the U.S. dollar. It offers price stability in the volatile crypto market and enables fast, low-cost transfers—making it essential for traders, investors, and cross-border payments.
Q: Is MaiCoin regulated?
A: While cryptocurrency regulations in Taiwan continue to evolve, MaiCoin operates under strict security protocols and complies with anti-money laundering (AML) standards. Its subsidiary MaiCapital holds a license from the Hong Kong Securities and Futures Commission (SFC).
Q: Can I buy USDT with New Taiwan Dollar (NT$)?
A: Yes. MaiCoin allows users to purchase USDT directly using NT$, making it easy for Taiwanese residents to enter the stablecoin economy.
Q: What are stablecoins used for?
A: Stablecoins serve multiple purposes: protecting capital during market downturns, facilitating international remittances, enabling DeFi participation, and acting as transactional currency in digital economies.
Q: How does AMIS support MaiCoin’s growth?
A: AMIS provides cutting-edge blockchain infrastructure and research capabilities. Its work on interbank clearing and LibraBridge demonstrates technical leadership that strengthens MaiCoin’s competitive edge.
Q: Will more stablecoins be added in the future?
A: Yes. MaiCoin plans to expand its stablecoin offerings beyond USDT, aiming to provide users with multiple trusted options for digital value storage and transfer.
With its early mover advantage in stablecoin trading and deep technological expertise, MaiCoin continues to shape Taiwan’s digital finance future—one innovation at a time.