#USDT稳定币动态 Recently, I saw entrepreneurs sharing why they gave up on Web3 payments. Comparing this with the legal risk issues of domestic U cards, I have some thoughts I’d like to discuss with everyone.

Payments seem like an excellent entry point—stablecoins, fast settlements, cross-border flows… The logic appears perfect. But when you actually get involved, you realize that the difficulty of payments has never been in the product itself, but in the entire "pressure-bearing structure" behind it: banking relationships, compliance systems, risk control accumulation, regulatory credit. These things cannot be quickly learned through cleverness and effort; they are industry-level assets that require time to mature.

The story of U cards also illustrates the same problem. The channel between fiat currency and digital currency seems simple, but in reality, it hides countless gray areas. Risk premium and capability premium—many people can’t tell the difference until something goes wrong. Then they realize—what they thought was profit was actually eating risk, and it’s just that the explosion hasn’t happened yet.

But this doesn’t mean Web3 payments have no hope. On the contrary, the structural opportunities in cross-border payments remain huge; the battlefield is just changing. True scalability may not be on the front-end user side but in the backend enterprise treasury upgrades and capital system restructuring. This is a ten-year project that requires deep cultivation rather than sprinting.

Sometimes, doing the right thing is more important than doing the successful thing. Teams that can truly go far are often not those who blindly fill a pit that might not belong to them, but those who, after fully understanding the risks, find their most competitive position. The future of Web3 requires this kind of clarity.