Web3Pioneer
Recently, many people have been discussing the legal risks of U cards and domestic regulations. Actually, there's no need to worry too much about these concerns. The key is to understand the essence of U cards — they are fundamentally foreign exchange-denominated payment cards, not tools that directly use cryptocurrencies. In other words, when you use a U card for transactions, the underlying clearing logic does not involve calling cryptocurrencies like USDT or USDC, but rather settling through the traditional foreign exchange system. Specifically, the transaction settlement uses real fiat cur
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