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Recently, the U Card has been pushed into the spotlight of public opinion.
After reconsidering the entire process, here are the current stage assessments.
Structurally, the U Card is not new.
The card itself remains a USD card issued by Visa / Mastercard.
Clearing, settlement, pre-funding, risk control,
all occur within the traditional bank card system.
The only change is the entry point of funds:
no longer USD transferred via bank wire,
but USDT / USDC coming from the blockchain.
When a purchase is truly completed,
the actual payment is not made with stablecoins,
but with the fiat reserve fun

Recently, the U Card has been pushed into the spotlight of public opinion.
After reconsidering the entire process, here is a record of the current stage's judgment.
Structurally, the U Card is not new.
The card itself remains a USD card from Visa / Mastercard.
Clearing, settlement, pre-financing, risk control,
all occur within the traditional bank card system.
The only change is the entry point of funds:
no longer USD transferred via bank wire,
but USDT / USDC coming from the blockchain.
When a purchase is truly completed,
what actually completes the payment is not the stablecoin,
but the fiat

After watching "Hidden Kill," I personally feel that Chinese movies are now becoming more short-video oriented. In two hours, they almost have eight twists or exciting moments. In the past, movies that were two or three hours long usually told only one or two stories. This also relates to how people now frequently scroll through short videos, raising the threshold for "satisfaction," and they don't watch movies as much. The film industry is actively trying to save itself through this approach.

BTC is more like a financial cycle asset, while gold, silver, and copper resemble hard currencies in the AI and electrification era.
In the stablecoin era, BTC remains one of the most important risk outlets within the stablecoin system, but it is not the only one, nor the automatic beneficiary.
Only when the growth of stablecoins corresponds to a rise in risk appetite will BTC benefit significantly.
Therefore, by 2026, BTC may not necessarily outperform gold, silver, and copper, which have already entered the real economy cycle this year.

As stablecoins are gradually being accepted by the public, users prefer custodial wallets like banks rather than non-custodial wallets.
Non-custodial wallets place the responsibility for funds on the user, but in reality, most users are unwilling to bear this responsibility. When issues arise, they prefer to seek help from the platform, which aligns better with user habits.
Custodial wallets, in simple terms, remove trading functions and focus on core features such as payments, wealth management, and transfers. This emerging banking logic is more likely to succeed.

How did a single Caixin article generate so many discussions about the legal risks of U cards?
Shouldn't we pay more attention to the legal risks when withdrawing funds from trading cryptocurrencies?

Stablecoins are now like cloud computing in 2010:
Everyone is still debating whether they are compliant,
but the current situation is
everyone is working hard to capture this group of users worldwide who have demand for USD.
Personally, I think besides stablecoin issuers, there will also be companies worth hundreds of billions of dollars emerging.

In crypto payment services, how to achieve growth is not the most important; the most important thing is to clearly identify the target users.
For money laundering needs related to black and gray industries (gambling, scams, etc.), the key is to assess your own courage.
For remittance needs of illegal immigrants returning home, the core is to examine the level of product localization.
For withdrawal needs of native crypto users, the core factors are fees and exchange rates.

Our ancestors were poor, so it was easy for them to feel anxious. When they felt anxious, they became shortsighted. After becoming shortsighted, they couldn't accomplish anything.
This principle applies to personal development and can also be applied to company growth.

Sei's collaboration with Xiaomi has released so many PRs; today, I see the coin price has fallen by 4.6%.
A good product is the real key.

Trust layering is very important. For those who haven't experienced things together, trust limits cannot be granted.
Watch the American TV series "Yellowstone." At first, everyone is hostile toward strangers. In fact, this is the best survival rule in the dark jungle: assume strangers are bad people, and only after establishing a trust foundation can you show your kindness and goodness.

The cultural influence of Confucius Institutes is very strong. On this trip to Egypt, I found that the receptionist at the hotel spoke excellent Chinese. When I asked her how she learned it, she said she never attended college and learned everything from the HSK channel on YouTube. If her accent were graded out of 100, I would give her a 90.
I asked her why she wanted to learn Chinese, and she replied that it was to take the Confucius Institute exam. After passing, she would be able to study in China, and she wants to attend Wuhan University. To better understand China, she also started using

Meta's current odds are better than BTC's.

Looking at American history, there is a very critical turning point: Roosevelt abandoning the gold standard.
If they had stubbornly clung to the gold standard back then, the U.S. really could have collapsed during the Great Depression—there would have been farmer uprisings, debt chains breaking, and society would have been torn apart.
But once they abandoned the gold standard, monetary expansion occurred, prices rebounded, and the economy immediately stopped the bleeding.
The lesson is actually very simple:
In an era of rapid productivity growth, if the money supply doesn’t expand, the economy

Elon Musk said we "are very likely living in a simulation."
Suddenly thought of a very interesting support logic:
If the universe is simulated, then there must be an upper limit to the speed of information transmission.
You cannot refresh data faster than the system.
In our world, the speed of light is precisely the maximum speed for all information.
Nothing can surpass it.
This sounds very much like a characteristic of a simulation system:
- The processor has a maximum frequency
- The network has a bandwidth limit.
- The game world has a tick rate
- The simulated universe may have a "maximum

Is there nothing being posted in the Chinese crypto world? Donations, fraudulent donations, regardless of truth, I just see a bunch of people trying to attract traffic.
It’s also fine to talk about some macro analysis.

Buying BTC below 60,000 is a good opportunity, as it will surpass the opportunity cost of some current AI assets. Buying now can still make a profit, but it is not cost-effective in terms of opportunity cost.