Chinese used car retailer Uxin (Nasdaq: UXIN) released its unaudited financial results for the quarter ended March 31, 2026. While the news is not directly about crypto, it highlights the growing role of digital assets in traditional business.
Why This Matters for USDT Holders
Uxin actively uses blockchain technology to optimize payments with suppliers and customers. According to the company, the share of stablecoin transactions (mainly USDT) in the reporting quarter increased by 40% compared to the same period last year.
Network Choice: TRC-20 vs ERC-20
For USDT transfers, Uxin prefers the TRC-20 network (Tron) due to low fees and high speed. The average fee for a TRC-20 transfer is about $0.8, while ERC-20 (Ethereum) costs $3.5. Confirmation time in TRC-20 is under a minute, in ERC-20 up to several minutes.
Practical Value for Users
- Fee savings: Using TRC-20 saves up to 77% on USDT transfers.
- Speed: Instant transactions speed up settlements between counterparties.
- Transparency: Blockchain ensures immutable payment records.
"We see stablecoins becoming an integral part of B2B settlements in China. USDT on TRC-20 is the most cost-effective and fastest way to transfer funds," said Uxin's CFO.
VirtCardPay's Take
The growing use of USDT by large companies like Uxin confirms the trend of stablecoin adoption in the real economy. For users, choosing TRC-20 over ERC-20 can significantly reduce costs. VirtCardPay supports both networks, allowing clients to choose the optimal option.
Disclaimer: This material is for informational purposes only and does not constitute investment advice. The cryptocurrency market is volatile; consult a professional before making transactions.
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