Taining Court concluded a contract dispute involving USDT as a financial asset, involving approximately 157,000 USDT

the Taining Court concluded a contract dispute with "USDT coin" as the financial object. In 2021, Jiang and Lin met through a third party introduction and established a WeChat group to trade "USDT coin". Between 2021 and 2022, Jiang transferred about 100,000 yuan to Lin through WeChat and bank transfers. Lin purchased about 76,000 U coins for him, and Jiang also purchased 81,000 U coins as designated by Lin. Jiang transferred his U coins to the platform multiple times as instructed by Lin, who operated the experience. However, all funds were exhausted by Lin's operations. Jiang filed a lawsuit to the court, and the court finally ruled that the entrusted trading and management of U coins are not regulated and protected by law in China, and dismissed the plaintiff's lawsuit.