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The Taining Court concluded a contract dispute involving USDT as a financial management object, involving an amount of approximately 157,000 USDTs

According to online reports, the Taining Court concluded a contract dispute involving "USDT coins" as a financial management object. In 2021, Jiang and Lin met each other through introduction and established a WeChat group to trade "USDT coins". From 2021 to 2022, Jiang successively transferred to Lin on WeChat and bank transfers of approximately 100,000 yuan. Lin purchased approximately 76000U of coins for him. Jiang also purchased 81000 U of coins through Lin's designation. Jiang transferred the U coins he held to the platform multiple times in accordance with Lin's instructions. Lin conducted the operation experience, but all the funds were exhausted by Lin, so he filed a lawsuit with the court. Finally, the court held that U coins entrusted transactions, management and other issues are not regulated and protected by law in our country, and the plaintiff's claim was rejected.

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