Trip.com has launched USDT payment options for booking flights and hotels, aiming to provide users with cost savings through favorable exchange rates and reduced cross-border fees. However, this move has raised legal and compliance concerns, particularly regarding the conversion of RMB to stablecoins, which may breach foreign exchange regulations.
Legal experts warn that users could face legal risks if their funds are sourced from unverified channels associated with illicit activities. The introduction of USDT payments also poses potential challenges to liquidity and the distinction between regulated and unregulated financial markets. Legal advisors emphasize the importance of identity verification and meticulous record-keeping to mitigate these risks.
Trip.com Introduces USDT Payments Amid Legal and Compliance Concerns
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