Brothers, the U Card has been a hot topic recently. It is a card that allows you to convert USDT into fiat currency (USD, EUR, etc.) for consumption, and can be used for:

1. Card payments

2. Google Pay/Apple Pay

3. Small ATM withdrawals

4. Cross-border payments

However, the problem is that there are few service providers that accept the U Card, especially for users in mainland China, with high thresholds and considerable risks.

🌪 Risk warning:

1️⃣ Regulatory risk: Cross-border payments may be considered foreign exchange violations or money laundering, and accounts may be frozen.

2️⃣ Tax risk: Deposits, consumption, and withdrawals may trigger tax declarations, and violations can easily be detected.

3️⃣ Security risk: Project parties may run away, high fees, ATMs may not support it, risks are significant.

Summary: The U Card itself is not illegal, but its usage has risks. Especially for large amounts and frequent fund movements, it is easy to be flagged by risk controls.

💡 Suggestions:

1. Choose legitimate issuers

2. Control limits to avoid large operations

3. Use for normal consumption, don’t treat it as a cash machine

The U Card can solve cross-border consumption issues, but don’t use it as a tool to evade policies. Earning and being able to withdraw is the key! $ETH #美联储重启降息步伐 $BTC #ETH走势分析