The Maicoin Group has unveiled a series of strategic developments poised to reshape Taiwan’s blockchain landscape. With the launch of a USDT buy-sell service, the introduction of LibraBridge—a technical solution connecting Libra and Ethereum—and an ambitious push to become a Libra node operator, the group is positioning itself at the forefront of digital asset innovation in Asia.
As one of Taiwan’s longest-standing digital asset technology groups, Modern Wealth Tech (MaiCoin) operates a comprehensive ecosystem including the MaiCoin platform, MAX Exchange, AMIS, and MaiCapital. Notably, its sister company AMIS is a founding member of the Enterprise Ethereum Alliance (EEA) and has collaborated with JPMorgan’s Quorum blockchain by contributing its Istanbul Byzantine Fault Tolerant (IBFT) consensus algorithm.
On October 31, Maicoin announced key milestones that underscore its vision for broader financial inclusion and technological leadership.
Launch of USDT Buy-Sell Service
Tether (USDT), the fifth-largest cryptocurrency by market cap, dominates the stablecoin sector with over 96% of global stablecoin circulation. Recognized for combining the price stability of fiat currencies with the borderless efficiency of cryptocurrencies, USDT has become a cornerstone of digital asset trading and value transfer.
Starting October 31, the MaiCoin platform officially introduced ERC-20-based USDT, becoming Taiwan’s first platform to offer direct USDT purchase and sale services using New Taiwan Dollars (TWD). This move lowers the entry barrier for individuals seeking exposure to digital assets without volatility concerns.
Alex Liu, CEO of Maicoin, emphasized the mission behind this launch:
“Bringing USDT to the MaiCoin platform allows Taiwanese users to access a new class of digital assets in the simplest way possible.”
Stablecoins like USDT serve dual roles: they act as reliable mediums for transactions and as highly effective value storage tools, bridging traditional finance with decentralized ecosystems. This aligns perfectly with MaiCoin’s original goal since its founding five years ago—to make cryptocurrency accessible using local currency.
Strategic Vision: Becoming a Libra Node Operator
When Facebook unveiled its Libra (now Diem) project earlier in the year, it sparked global debate on the future of digital money. Despite setbacks—including the withdrawal of founding members like Visa, Mastercard, PayPal, and Stripe, as well as regulatory scrutiny from U.S. Congress—the initiative continues to inspire innovation in cross-border payments and decentralized infrastructure.
Maicoin aims to position Taiwan as a participant in this global movement by pursuing a role as a Libra node operator, contributing to network decentralization and enhancing Taiwan’s visibility in international blockchain governance.
Bridging Libra and Ethereum: Introducing LibraBridge
Underpinning this ambition is LibraBridge, a proof-of-concept developed by AMIS that enables interoperability between the Libra and Ethereum blockchains. Demonstrated at Crosslink 2019 Taiwan on October 19–20, LibraBridge showcases how assets and data can be securely transferred across disparate networks—a critical step toward an interconnected blockchain economy.
By building bridges between emerging platforms like Libra and established ecosystems like Ethereum, AMIS reinforces its reputation as a leader in enterprise-grade blockchain solutions. This effort not only supports global financial innovation but also advocates for Taiwan’s inclusion in high-impact blockchain initiatives, boosting its technological standing worldwide.
Achieving Financial Milestones with Blockchain Infrastructure
Long before Libra captured public attention, AMIS was already pioneering similar concepts. Four years ago, the team began developing scalable, enterprise-ready blockchain frameworks focused on real-world financial applications.
In 2019, AMIS partnered with Taipei Fubon Commercial Bank and Taishin International Bank to implement blockchain-powered wallets for free interbank transfers and instant settlements. In August, the project received approval from Taiwan’s Financial Supervisory Commission (FSC) to enter a regulatory sandbox, paving the way for live testing of blockchain-based cross-bank transaction services.
This milestone marks a significant leap toward modernizing legacy financial systems through decentralized technology—proving that blockchain can deliver tangible improvements in speed, cost-efficiency, and transparency.
Looking ahead, Alex Liu outlined Maicoin’s priorities:
“Our focus remains on enhancing platform security and expanding product functionality. We plan to integrate more stablecoins beyond USDT and expand into physical retail channels where users can easily purchase digital assets.”
The ultimate goal? To transform cryptocurrencies from speculative investments into everyday tools for value exchange—seamlessly integrated into daily life.
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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 combines the stability of fiat with the flexibility of crypto, making it ideal for trading, remittances, and hedging against market volatility.
Q: Why is Maicoin launching USDT now?
A: With rising demand for low-volatility digital assets, offering USDT allows Taiwanese users to enter the crypto space safely and conveniently using local currency.
Q: What is LibraBridge and how does it work?
A: LibraBridge is a technical prototype developed by AMIS that enables communication and asset transfer between the Libra and Ethereum networks, promoting interoperability in the multi-chain future.
Q: Can individuals run a Libra node?
A: Initially, Libra nodes are operated by authorized entities within the Libra Association. Maicoin’s goal is to qualify as one of these validator nodes, representing Taiwan in the network.
Q: Is Maicoin regulated in Taiwan?
A: While cryptocurrency regulations are evolving, Maicoin operates within compliance frameworks and participates in official programs like the FSC’s regulatory sandbox for blockchain innovation.
Q: Will Maicoin support other stablecoins in the future?
A: Yes—while USDT is the first stablecoin offered, the company plans to introduce additional stablecoins to provide users with more choices and greater financial flexibility.
The Road Ahead
Maicoin’s latest moves reflect a clear trajectory: from enabling simple crypto access to driving foundational technological advancements. By integrating stablecoins, advancing cross-chain solutions, and pushing for global node participation, the group is not only serving local users but also advocating for Taiwan’s role in shaping the next generation of finance.
As blockchain continues to blur the lines between traditional and digital economies, companies like Maicoin demonstrate how regional players can have global impact—through innovation, collaboration, and persistent vision.
👉 Stay ahead in the digital asset revolution—learn how you can participate now.