A secret that many people don't know, using the Hong Kong version of Mastercard--USDT can be directly consumed in China
A secret that many people don't know, using the Hong Kong Mastercard virtual credit card----USDT can be directly consumed in China/Alternative usage in the currency circle, let's first know what USDT is.
1. What is USDT?
The digital currency USDT (Tether) is called Tether in China. It is a cryptocurrency based on blockchain technology. Its value is linked to traditional currencies such as the US dollar and is widely used in the digital asset trading market. As a stablecoin, Tether aims to provide a reliable digital asset for trading and storing value in the highly volatile cryptocurrency market.
2. What is the role of USDT?
Tether provides a stable bridge for digital asset transactions. Because it is linked to traditional currencies, the value of 1 Tether is always equal to 1 US dollar. This allows investors to avoid the risks brought by price fluctuations when trading cryptocurrencies. When the prices of other cryptocurrencies change drastically, holders can convert them into Tether to protect the investment value.
Widely used for transfers and settlements between digital asset trading platforms. Due to its fast, secure and low-cost characteristics, many trading platforms choose to use Tether as a cross-platform settlement tool. This makes it more convenient and efficient to transfer funds between different platforms.
Tether is also an ideal choice for investors who want to temporarily preserve value in the cryptocurrency market. When the prices of other cryptocurrencies fall, holding Tether can avoid asset depreciation. This allows investors to manage their digital asset portfolios more flexibly and remain relatively stable when the market fluctuates. It enables investors to better manage risks.
3. USDT domestic consumption
In the currency circle, many friends will encounter serious card freezing problems when selling USDT in OTC, which will cause bank cards to be frozen if they are not careful. I found a safe and low-cost solution, that is, by using a Hong Kong version of MasterCard recharged with USDT and binding Alipay for normal consumption, which is practical. This method does not worry about the problem of bank cards being frozen.
To learn how to apply for MasterCard, please see my first work.
