Caixin: There are special legal risks associated with the issuance and use of U cards within the country

Caixin published an article titled "The Secrets and Deadly Risks of the U Card Crazy Spending on Xiaohongshu." The article points out that users can use a Visa-branded bank card to pay for ChatGPT Plus subscriptions, with the payment completed through USDT in a cryptocurrency wallet. This type of overseas bank card is commonly referred to as a "U Card," which is a foreign bank card used for payments based on the US dollar stablecoin. The Caixin article notes that there is a special legal risk associated with the issuance and use of U Cards within the country.