Recently, the regulatory winds have changed, and many frens are asking how to safely implement stablecoins.

Share a relatively safe approach:

The first option is to use a Hong Kong bank card for transfer. When transferring to ZhongAn, a fee of 20U is charged uniformly, regardless of the amount you transfer. After the funds arrive, you can transfer from ZhongAn to Alipay or UnionPay card, which will incur a fee of about 50 Hong Kong dollars. Although this option has an extra step, it excels in compliance.

The second method is more practical - directly link the Hong Kong card to WeChat Pay's Hong Kong wallet for daily purchases. With USDT and USDC in hand, use the Hong Kong dollar channel when spending, which ensures fund safety and avoids the hassle of frequent currency exchange.

In the current environment, having an extra layer of buffer is wiser than directly confronting things head-on.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

PanicSeller

· 12-02 20:17

The Hong Kong card trap can indeed be used, but the handling fee is a bit painful; starting from 20U, it doesn't seem worth it.

View OriginalReply0

BlockchainFoodie

· 12-02 17:53

honestly the hong kong card route hits different, it's like having a proper mise en place before you even start cooking - everything in its place, compliant and crispy. that 20U flat fee for USDC conversions through众安 is actually the secret sauce here ngl

Reply0

SellTheBounce

· 12-02 06:52

Sigh, it's this trap again, strong compliance? History tells us that today's compliance can become tomorrow's violation.

View OriginalReply0

AlphaBrain

· 12-02 06:47

The Hong Kong card route is indeed stable, but the 20U fee from ZhongAn is a bit outrageous. It feels like using the Hong Kong Wallet directly is more convenient.

View OriginalReply0

TokenomicsTherapist

· 12-02 06:46

This wave of Hong Kong cards is indeed stable, much smarter than directly confronting.

View OriginalReply0

MetaMisfit