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研究生: 羅翊瑄
Lo, Yi_Hsuan
論文名稱: 美元穩定幣的國際風險與科技外交
The International Risk and Tech Diplomacy of US Dollar Stablecoins
指導教授: 鄭旭高
陳秉逵
口試委員: 林馨怡
學位類別: 碩士
Master
系所名稱: 國際事務學院 - 外交學系
Department of Diplomacy
論文出版年: 2026
畢業學年度: 114
語文別: 中文
論文頁數: 63
中文關鍵詞: 美元穩定幣天才法案地緣金融政治資訊安全風險科技外交
外文關鍵詞: US dollar stablecoins, GENIUS Act, Geofinancial risks, Cybersecurity, Tech diplomacy
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  • 在全球的經濟金融市場中,美元具有一定的市場佔有率,而美國在國際間也具有一定的影響力,隨著科技的進步,在眾多的數位資產中,美元穩定幣所佔據的市場份額,形成數位美元化的趨勢,使用的範圍擴及至全球,相對而言,重要性也隨之擴大,特別是在2025年《天才法案》的通過,為美元穩定幣訂立了更加明確與合規的監管框架,但對於美元穩定幣如何影響貨幣主權、跨境支付與地緣金融權力之擔憂亦隨之出現。次之,由於資訊網路的無遠弗屆,美元穩定幣所衍伸而出的資訊安全和地緣金融政治風險,顯示了在科技發展帶來便捷的生活之餘,在國際間也伴隨著不少顧慮,包含北韓的鏈上犯罪的資安風險、俄羅斯用以制裁規避的地緣金融風險,以及中南美洲對於美元化的民間避險需求,美元穩定幣已經逐漸從以往的貨幣交易工具,轉變為國家安全之戰略手段。最終,在國際局勢日益複雜化的情形之下,外交手段也更加多元化,對於依靠國際出口貿易的台灣,無法輕忽美元和美國對於台灣的影響,尤其在國際地位備受挑戰之下,台灣可以運用所擁有之科技實力,特別是高科技基礎設施的關鍵優勢,建立新的外交手段,以在國際上生存。


    In the global financial market, the US dollar maintains a dominant market share, un-derpinning the United States’ enduring international influence. Driven by technological ad-vancements, the commanding market share of US dollar(USD stablecoins)among various digital assets has catalyzed a trend of "digital dollarization." As its adoption expands glob-ally, the significance of the stablecoin ecosystem also increased. Notably, the passage of the GENIUS Act in 2025 established a more explicit and compliant regulatory framework for USD stablecoins. However, this has simultaneously exacerbated concerns regarding mone-tary sovereignty, cross-border payments, and geofinancial power.
    Furthermore, due to the borderless nature of information networks, the cybersecurity vulnerabilities and geofinancial risks derivative of USD stablecoins demonstrate that tech-nological conveniences are invariably accompanied by international anxieties. These in-clude the cyber risks manifested in North Korea’s on-chain illicit activities, the geofinancial risks of Russian sanction evasion, and the grassroots hedging demands against dollarization across Latin America. Consequently, USD stablecoins have progressively evolved from mere monetary transaction instruments into strategic mechanisms of national security.
    Ultimately, against the backdrop of an increasingly complex international landscape, diplomatic modalities have become more diversified. For Taiwan, an economy heavily re-liant on international export trade, the pervasive influence of the US dollar and the United States remains non-negligible. Especially given its contested international status, Taiwan can leverage its technological prowess, particularly its critical advantages in high-tech in-frastructure, to forge novel diplomatic avenues, thereby ensuring its strategic survival in the international arena.

    第一章、 緒論 1
    第一節、 研究動機與目的 2
    第二節、 研究方法與架構 9
    第二章、 美元穩定幣 11
    第一節、 穩定幣 11
    第二節、 美元穩定幣 15
    第三節、 小結 17
    第三章、 天才法案 19
    第一節、 背景 19
    第二節、 成立、現況、前瞻與擔憂 24
    第三節、 小結 27
    第四章、 地緣金融政治與資安風險 29
    第一節、 概念定義 29
    第二節、 美元穩定幣相關的制裁規避風險 32
    第三節、 美元穩定幣作為避險工具 36
    第四節、 小結 39
    第五章、台灣之科技外交 42
    第六章、結論與未來展望 51
    參考文獻 54

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    中文官方資訊、期刊文章
    立法院第11屆第5會期第10次會議議案關係文書,院總第20號委員提案第 11021393 號,2026年5月13日
    資料連結:https://ppg.ly.gov.tw/ppg/download/agenda1/02/pdf/11/05/10/LCEWA01_110510_00017.pdf
    中華民國外交部,研究設計會,第020號新聞稿,2026年1月20日,外交部與數位發展部攜手合作,整合台灣雄厚數位實力,達成固邦榮邦目標
    資料連結:https://www.mofa.gov.tw/News_Content.aspx?n=96&s=121555
    行政院,金融監督管理委員會,新聞傳播處,2025年4月2日,「虛擬資產服務法」草案
    資料連結:https://www.ey.gov.tw/Page/9277F759E41CCD91/bfd446a7-ce23-4308-9347-9ce6e6c44196
    中華經濟研究院,2026年3月10日,臺灣重要經濟變動指標(最新)
    資料連結:https://www.cier.edu.tw/economic-indicator/
    經濟日報,2026年5月14日,IEK估台灣半導體產值今年破8.4兆元創新高,記憶體晶圓代工優於產業
    資料連結:https://money.udn.com/money/story/5612/9503101

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