The U Card Trend: Opportunities and Legal Challenges of Stablecoin Payments

【Blockchain Rhythm】Recently, there has been increased discussion about U cards. In simple terms, this is a type of overseas bank card based on USD stablecoins like USDT. On the surface, it bears the Visa logo, allowing users to subscribe to overseas services like ChatGPT Plus, with payments directly deducted from stablecoins in their crypto wallets. It sounds very convenient and has indeed attracted many to try.

However, there are many issues involved. Within China, the issuance and use of U cards involve special legal risks—an unavoidable fact. On one hand, it connects stablecoins with traditional payment methods, which is very attractive for cross-border transactions; on the other hand, the legality of this model under regulatory environments exists in a gray area.

So the question now is: Will U cards just be a transitional product, a flash in the pan? Or do they actually hint at a certain evolution in the future payment landscape? It depends on the clear stance of regulatory policies. From a technical perspective, the efficiency and convenience of stablecoin payments are indeed attractive, but if the legal framework remains unclear, even the best products won’t go far.