Standard Chartered: Taiwan Possesses Operational Conditions and Regulatory Framework Advantages for Stablecoin Development
According to a report by Standard Chartered Group, Taiwan's stablecoin development trend is generally similar to Singapore and Hong Kong, possessing relative advantages in operational conditions and the clarity of its regulatory framework. This reflects Taiwan's strong foundation in its financial system and market stability, and suggests potential growth opportunities for non-dollar stablecoins.
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- 📰 Published: May 6, 2026 at 13:14
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Central News Agency (CNA) reported that Standard Chartered Group's report indicates that Taiwan's stablecoin development trend is broadly similar to Singapore and Hong Kong, and it possesses relative advantages in terms of operational conditions and the clarity of its regulatory framework. This reflects Taiwan's strong foundation in its financial system and market stability.
Standard Chartered Bank stated today via a press release that, according to statistics from international research institutions and on-chain data platforms, the global stablecoin issuance scale has exceeded 320 billion US dollars to date, with the total stablecoin transaction volume in the first quarter of 2026 surpassing 28 trillion US dollars, setting a new quarterly high.
According to Standard Chartered Group's recently released report, "How Non-Dollar Stablecoins Are Moving Towards Scaled Development," compared to the US dollar's approximately 50% share in global cross-border payment systems, over 98% of stablecoin market capitalization still uses the US dollar as its valuation basis. This highlights a structural gap in stablecoin market diversification, indicating about 48% development space in terms of currency variety.
Standard Chartered believes that, in the context of a multi-currency pattern in global economic and trade activities, the excessive concentration of the stablecoin market on the US dollar has created a structural imbalance. Therefore, even a small shift in currency allocation has the opportunity to translate into significant growth, helping to unlock the development potential of non-dollar stablecoins.
The report also anticipates that, with the continuous development of regulation, infrastructure, and institutional participation, the application of stablecoins in areas such as payments, cross-border capital flows, and international trade will increasingly grow. As for the demand and development of non-dollar stablecoins, it will be influenced by three major structural factors: infrastructure efficiency, consistency of cross-border settlement mechanisms, and regional trade momentum.
Observing the development trends in various markets, the report explains that, combining data from the World Bank's 2025 "Ease of Doing Business Maturity Assessment" report, emerging markets with greater cross-border transaction barriers and gaps in payment infrastructure have higher potential demand for stablecoins. These include sub-Saharan Africa, Latin America, and some emerging Asian countries.
Ms. Chu Chia-ling (朱佳玲), Head of Corporate and Institutional Banking at Standard Chartered Bank, stated that the significance of new digital assets like stablecoins is not to replace existing payment systems but to respond to the changing global trade structure and corporate operating models, providing businesses with more flexible and transparent settlement options.
She emphasized that Taiwan, as a key player in the global supply chain, exerts important influence in regional and cross-border industrial networks. As Taiwanese enterprises' demand for cross-border capital deployment and settlement efficiency continues to rise, it creates more mature conditions for the application and deepening of digital settlement solutions.
According to the report, Taiwan's stablecoin development trend is generally close to international financial centers like Singapore and Hong Kong, possessing relative advantages in operational conditions and the clarity of its regulatory framework. This reflects Taiwan's strong foundation in its financial system and market stability. The report also emphasized that this assessment framework is primarily used to identify the potential demand and economic incentives present in the market for stablecoins, but it does not imply immediate feasibility for issuing stablecoins in each market.
Chu Chia-ling explained that Taiwanese enterprises possess highly international operational characteristics, and their supply chain and investment layouts are increasingly diversified. The dual characteristics of stablecoins, combining the stability of legal tender with the efficiency of blockchain settlement, along with on-chain payments to achieve rapid cross-border settlement, will help reduce liquidity barriers for enterprises and financial institutions operating across time zones.
She stated that, as Taiwan's regulatory and legal framework in the virtual asset field gradually clarifies in the future, they look forward to gradually aligning with the global digital financial system, forming a positive cycle of corporate capital and innovation momentum. (Editor: Yang Lan-xuan) 1150506
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Standard Chartered Bank stated today via a press release that, according to statistics from international research institutions and on-chain data platforms, the global stablecoin issuance scale has exceeded 320 billion US dollars to date, with the total stablecoin transaction volume in the first quarter of 2026 surpassing 28 trillion US dollars, setting a new quarterly high.
According to Standard Chartered Group's recently released report, "How Non-Dollar Stablecoins Are Moving Towards Scaled Development," compared to the US dollar's approximately 50% share in global cross-border payment systems, over 98% of stablecoin market capitalization still uses the US dollar as its valuation basis. This highlights a structural gap in stablecoin market diversification, indicating about 48% development space in terms of currency variety.
Standard Chartered believes that, in the context of a multi-currency pattern in global economic and trade activities, the excessive concentration of the stablecoin market on the US dollar has created a structural imbalance. Therefore, even a small shift in currency allocation has the opportunity to translate into significant growth, helping to unlock the development potential of non-dollar stablecoins.
The report also anticipates that, with the continuous development of regulation, infrastructure, and institutional participation, the application of stablecoins in areas such as payments, cross-border capital flows, and international trade will increasingly grow. As for the demand and development of non-dollar stablecoins, it will be influenced by three major structural factors: infrastructure efficiency, consistency of cross-border settlement mechanisms, and regional trade momentum.
Observing the development trends in various markets, the report explains that, combining data from the World Bank's 2025 "Ease of Doing Business Maturity Assessment" report, emerging markets with greater cross-border transaction barriers and gaps in payment infrastructure have higher potential demand for stablecoins. These include sub-Saharan Africa, Latin America, and some emerging Asian countries.
Ms. Chu Chia-ling (朱佳玲), Head of Corporate and Institutional Banking at Standard Chartered Bank, stated that the significance of new digital assets like stablecoins is not to replace existing payment systems but to respond to the changing global trade structure and corporate operating models, providing businesses with more flexible and transparent settlement options.
She emphasized that Taiwan, as a key player in the global supply chain, exerts important influence in regional and cross-border industrial networks. As Taiwanese enterprises' demand for cross-border capital deployment and settlement efficiency continues to rise, it creates more mature conditions for the application and deepening of digital settlement solutions.
According to the report, Taiwan's stablecoin development trend is generally close to international financial centers like Singapore and Hong Kong, possessing relative advantages in operational conditions and the clarity of its regulatory framework. This reflects Taiwan's strong foundation in its financial system and market stability. The report also emphasized that this assessment framework is primarily used to identify the potential demand and economic incentives present in the market for stablecoins, but it does not imply immediate feasibility for issuing stablecoins in each market.
Chu Chia-ling explained that Taiwanese enterprises possess highly international operational characteristics, and their supply chain and investment layouts are increasingly diversified. The dual characteristics of stablecoins, combining the stability of legal tender with the efficiency of blockchain settlement, along with on-chain payments to achieve rapid cross-border settlement, will help reduce liquidity barriers for enterprises and financial institutions operating across time zones.
She stated that, as Taiwan's regulatory and legal framework in the virtual asset field gradually clarifies in the future, they look forward to gradually aligning with the global digital financial system, forming a positive cycle of corporate capital and innovation momentum. (Editor: Yang Lan-xuan) 1150506
Choose to stand with facts; your every sponsorship is a force to protect news freedom.
Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, broadcast, transmitted, or used without authorization.