Maicoin Group, Taiwan's pioneering digital asset exchange, announced several key developments today that position the company at the forefront of blockchain innovation. These initiatives include the launch of USDT trading services, the introduction of Librabridge to connect Libra and Ethereum, and strategic plans to become a Libra node.
USDT Trading Services Now Available
Tether (USDT), the world's fifth-largest cryptocurrency by market cap, dominates stablecoin circulation with a 96% global share. Maicoin Group's MaiCoin platform now offers ERC20-based USDT trading, making it Taiwan's first licensed over-the-counter platform for this service.
CEO Alex Liu emphasized:
"Listing USDT on MaiCoin simplifies access to this new asset class for Taiwanese users, aligning with our mission to bridge traditional finance and digital currencies."
Stablecoins like USDT combine fiat currency stability with cryptocurrency liquidity, serving as both transaction tools and value storage solutions.
Strategic Goal: Becoming a Libra Node
Despite recent challenges to Facebook's Libra project, including withdrawal of key partners and regulatory scrutiny, Libra remains a groundbreaking initiative in cross-border payments. Maicoin's subsidiary AMIS, a blockchain technology developer, has been actively contributing to Libra's ecosystem.
Libra-Ethereum Bridge: Librabridge
AMIS successfully demonstrated a proof-of-concept for connecting Libra and Ethereum networks at Crosslink 2019 Taiwan. This technical achievement supports Taiwan's potential role as a Libra node, enhancing its global fintech presence.
Financial Innovation Milestones
AMIS previously developed Libra-like technology and recently partnered with major Taiwanese banks to implement blockchain-based cross-bank transfers. Approved by Taiwan's Financial Supervisory Commission for regulatory sandbox testing, this system represents a significant advancement in financial infrastructure.
Future Roadmap
Looking ahead, Maicoin Group plans to:
- Enhance platform security and functionality
- Expand physical channels for cryptocurrency purchases
- List additional stablecoins beyond USDT
Liu notes:
"We aim to make cryptocurrencies not just investment vehicles but everyday transaction tools."
FAQ Section
What is USDT and why is it important?
USDT (Tether) is a stablecoin pegged 1:1 to the US dollar, providing price stability in volatile crypto markets while maintaining blockchain advantages.
How does Librabridge work?
Librabridge connects Facebook's Libra blockchain with Ethereum, enabling interoperability between these major networks for seamless asset transfers.
What benefits would Taiwan gain as a Libra node?
Node status would position Taiwan as a hub for global digital payments, attracting fintech investment and boosting international recognition.
Is USDT legally compliant in Taiwan?
Yes, MaiCoin's USDT service operates under Taiwan's existing digital asset regulations, with proper anti-money laundering safeguards.
How does AMIS's banking solution differ from traditional transfers?
The blockchain-based system enables instant, fee-free interbank transfers while maintaining full regulatory compliance.
👉 Explore cryptocurrency trading opportunities
👉 Learn about blockchain technology advancements
Key SEO Keywords:
1. Maicoin
2. USDT trading
3. Libra node
4. Ethereum bridge
5. Stablecoin
6. Taiwan blockchain
7. Digital asset exchange