Chatted with some friends in Shenzhen who work in electronics, and Huaqiangbei is very familiar with U. The reason is simple: Russia and Iran are under sanctions, so they can only pay in U. These two are major buyers of all kinds of electronic products and accessories. They don’t know OK, but they know 欧易. After receiving U, they immediately do C2C to exchange it for RMB. They don’t understand Crypto and just treat it as an ordinary channel. I quickly reminded them to be careful about frozen accounts. Going through compliant channels in Hong Kong is better.