Highlights What are the main findings? The Mongolian Plateau is revealed to be under persistent threat from frequent flash droughts (2000-2021). The standard precipitation evapotranspiration-temperature-vegetation drought index (STVDI) proves highly effective due to its rapid response to precipitation and soil moisture changes. What are the implication of the main finding? The STVDI is established as a robust drought monitoring tool specifically for arid and semi-arid regions. A new, fine-resolution (1-km) monthly drought dataset was provided to aid ecological and disaster management.Highlights What are the main findings? The Mongolian Plateau is revealed to be under persistent threat from frequent flash droughts (2000-2021). The standard precipitation evapotranspiration-temperature-vegetation drought index (STVDI) proves highly effective due to its rapid response to precipitation and soil moisture changes. What are the implication of the main finding? The STVDI is established as a robust drought monitoring tool specifically for arid and semi-arid regions. A new, fine-resolution (1-km) monthly drought dataset was provided to aid ecological and disaster management.Abstract Drought represents one of the most critical environmental hazards in arid and semi-arid regions, exerting profound impacts on ecological security and sustainable development. Nevertheless, many existing drought indices exhibit delayed responses to precipitation and soil moisture anomalies, thereby constraining their ability to characterize the rapid onset and evolution of drought events. To address this limitation, we propose the Standardized Temperature-Vegetation Drought Index (STVDI), which integrates precipitation, evapotranspiration, temperature, and vegetation dynamics within a Euclidean space framework and explicitly incorporates lag-response analysis. Taking the Mongolian Plateau (MP)-a key transition zone from taiga forest to desert steppe-as the study region, we constructed a 1 km resolution STVDI dataset spanning 2000-2021. Results reveal that over 88% of the MP is highly susceptible to flash droughts, with an average lag time of only 0.52 days, underscoring the index's capacity for rapid drought detection. Spatial analysis indicates that drought severity peaks during March and April, with moderate drought conditions concentrated in central Mongolia and severe droughts prevailing across southwestern Inner Mongolia. Although trend analysis suggests a slight long-term alleviation of drought intensity, nearly 70% of the MP is projected to experience further intensification in the future. This study delivers the first high-resolution, low-lag drought monitoring dataset for the MP and advances theoretical understanding of drought propagation and lag mechanisms in arid and semi-arid ecosystems.