Chinese users turn to ‘U cards’ to get around crypto rules: Asia Express
Viral U cards drive stealth stablecoin adoption in China Stablecoins are finding an indirect path into China via payment cards going viral on social media. Locally referred to as “U cards,” overseas Visa or Mastercards linked to stablecoin balances such as USDT, have surged in popularity on Chinese social platform Xiaohongshu, AKA Little Red Book....
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