Caixin: Additional Layer of Special Legal Risks in Domestic Issuance and Use of U-Cards

By: theblockbeats.news|2025/12/25 20:46:10

BlockBeats News, December 25th. Caixin published an article titled "The Secret and Lethal Risk of the U Card Trend on Little Red Book," which pointed out that users can use a bank card with a Visa logo for payments such as ChatGPT Plus subscription fees, with the payment being made through USDT in a cryptocurrency wallet. These overseas bank cards, commonly known as "U Cards," are a type of foreign bank card used for payments based on the US dollar stablecoin. The Caixin article also indicated that issuing and using U Cards in China carries an additional layer of special legal risk. Whether it is a short-lived transitional product or holds the key to the future payment landscape remains unknown.

-- Price

In the current context of tightening global regulations, if one can directly enter the market with a partner that has already established a compliance system, obtaining federal license endorsement, the credibility of a listed company, and access to banking cooperation channels, the cost is merely gi...

A Brief History and Future of Perpetual Contracts

Decentralized perpetual contract exchanges, such as Hyperliquid, are replacing traditional derivatives with structural advantages, becoming trillion-dollar financial platforms that attract global assets.

AI Agent Gets ID and Wallet on the Same Day | Rewire News Morning Brief

Agent infrastructure for the economy is forming faster than anyone expected

IOSG: Power Flexibility Paradigm Shift: From Macro Assets to Distributed Intelligence Layer

The power system is being asked to perform a task it was not designed to do.

Murata 35% Price Increase Explained: A Capacitor that Gives AI Empire a Cold

Choosing to raise at this point in time has a clear financial incentive

MiniMax: A Henan County Youth and His 300 Billion

Money, cards, and people were scarce, yet it spurred the highest levels of engineering prowess and architectural innovation.

From Abandoned Project to Sky-High Target, Mastercorp Acquires BVNK for $1.8 Billion

The stablecoin is no longer a competitor to the card networks, but has instead been assimilated into its underlying network as a highly complementary business subset.

Is Polymarket's Pricing Accurate? I Simulated a Crisis with 200 Agents to Find Out

The more participants, the richer the discussion structure, and the more valuable the resulting signal.

A Decade of Regulation Finally Clarified, Victory for Crypto-Native Logic

Three Charts to Explain What's in This 68-Page Document

The United States Establishes the "Five Categories Law" for Cryptographic Assets: A Summary to Understand the New Regulatory Framework

Is the "Wild West" era of cryptocurrency assets officially coming to an end?

Morning Report | Mastercard plans to acquire BVNK for up to $1.8 billion; Solana Foundation launches aggregator Tokens on Solana; Bitcoin sees its first 8 consecutive rises in four years

Overview of Important Market Events on March 17

Aster Chain officially launches: defining a new era of on-chain privacy and transparency

The privacy-focused trading ecosystem Aster, supported by YZi Labs, announced today that the Aster Chain mainnet is officially launched.

Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened

One Year Plus, Zero Employees, Zero Code