MaiCoin Group's MaiCoin platform will officially list the stablecoin Tether (USDT-ERC20) on October 31, marking an industry-first innovation for Taiwan's buying/selling platforms. According to CoinMarketCap data, USDT ranks as the largest cryptocurrency by trading volume globally, with the fifth-highest market capitalization, dominating 96% of all stablecoin circulation. This strategic move is expected to stimulate renewed trading activity across domestic platforms.
Stablecoins Combine Fiat Stability with Cryptocurrency Liquidity
MaiCoin CEO Alex Liu stated: "Listing USDT on our platform enables Taiwanese citizens to easily access new asset classes through simplified purchasing methods." He emphasized MaiCoin's founding vision five years ago—to let users purchase cryptocurrencies seamlessly using New Taiwan Dollars (TWD). Liu highlighted how stablecoins merge fiat currency's price stability with cryptocurrency's transferability, serving not just as transactional assets but also as near-perfect value storage instruments.
MaiCoin's Strategic Positioning: Aspiring to Become a Libra Network Node
Following Facebook's June announcement of its Libra project, MaiCoin Group accelerated its cross-border digital value transfer strategy. Subsidiary AMIS Network—specializing in blockchain R&D—had developed Libra-like technology four years prior. Recently, AMIS integrated with Taipei Fubon Bank and Taishin Bank to enable blockchain-powered interbank transfers under Taiwan's Financial Supervisory Commission sandbox approval, establishing new financial infrastructure milestones.
AMIS Develops LibraBridge to Connect Libra and Ethereum Networks
Internationally, AMIS actively contributes to Libra's ecosystem development, presenting its Libra-Ethereum bridging solution (LibraBridge) at Crosslink 2019 Taiwan. Through continuous blockchain innovation, MaiCoin Group strives to secure a position among Facebook's Libra network nodes.
Future Roadmap: Security Enhancements and Expanded Services
CEO Liu outlined three key priorities:
- Strengthening platform cybersecurity
- Introducing more stablecoins beyond USDT
- Expanding physical cryptocurrency purchase channels
The goal remains making digital assets accessible for daily transactions rather than just investment vehicles. To celebrate USDT's launch, MaiCoin offers limited-time promotions—including Bluetooth earphones for first-time traders exceeding NT$50,000 in cumulative BTC/ETH/LTC/USDT transactions between October 31 and December 31.
USDT (Tether) Overview
Tether USD (USDT) is a USD-pegged stablecoin issued by Tether Limited, maintaining 1:1 dollar reserves. As the most widely adopted stablecoin, USDT provides price stability amidst crypto market volatility while enabling seamless transactions across MaiCoin MAX—the world's third exchange supporting both Omni Layer and ERC20 token protocols.
MaiCoin Group Profile
Established in 2014, MaiCoin Group operates Taiwan's longest-running digital asset services:
- MaiCoin Platform: Fiat-to-crypto gateway (BTC/ETH/LTC)
- MAX Exchange: Ranked top-15 globally within seven months of launch, featuring bank trust custody
- AMIS: Enterprise Ethereum Alliance founding member; Quorum consensus algorithm contributor
- MaiCapital: Hong Kong-licensed crypto hedge fund
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FAQ Section
Q: Why is USDT significant for Taiwanese traders?
A: It provides a stable medium for hedging against crypto volatility while facilitating easier fiat conversions.
Q: How does MaiCoin ensure transaction security?
A: Through bank-trusted custody solutions and continuous cybersecurity upgrades.
Q: What makes stablecoins different from other cryptocurrencies?
A: Their value remains pegged to stable assets like USD, minimizing price fluctuations.
Q: Can users purchase USDT at physical locations?
A: Future plans include expanding to retail channels—currently available online via MaiCoin platforms.
Q: How does LibraBridge technology work?
A: It enables interoperability between Facebook's Libra blockchain and Ethereum networks.
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