#USDT稳定币动态 Damn, the U-card collapse warning has arrived🚨 A Caixin article made my scalp tingle—there are special legal risks involved in issuing and using U-cards domestically, and that’s a very bold statement. Those operations that charge subscriptions to ChatGPT via USDT wallets seem to perfectly bypass payment restrictions on the surface, but in reality, they are running naked in the legal gray area.

What’s even more heartbreaking is the founder’s account—he personally visited Yiwu, Shui Bei, and Putian, and concluded: Web3 payments seem to have great opportunities, but they can’t compete with traditional payment companies that have established banking relationships, licenses, and risk control systems. Many seemingly “profitable” paths are essentially just eating risk premiums; they haven’t encountered major issues—yet.

Now I understand—it's not that the technology is inadequate, nor that efficiency is lacking; the problem is that payments require long-term accumulation and compliance patience, which cannot be achieved through product iterations in the short term. Those voices claiming U-cards are very popular and Web3 payments are very mature simply do not match the actual penetration rate. Entrepreneurs are waking up now; it’s time to reflect.