Why Are XNCE Trading Accounts Denominated in USDT/USDC Instead of USD?

XNCE uses USDT/USDC as the base currency for all accounts based on the following considerations:

1. Exchange rate protection: CNY deposits execute at the CNY/USDT rate, shielding your principal from USD exchange rate fluctuations
2. Funding efficiency: Stablecoin transfers typically settle in minutes with significantly lower fees than traditional bank wires
3. Versatility: USDT/USDC can be used on global crypto exchanges or loaded onto a VISA/Mastercard crypto debit card (U-card) for global spending and ATM withdrawals

We recommend using USDT/USDC for all deposits and withdrawals.