A BINANCE user in Venezuela is looking for another stablecoin U to reduce the fee
That’s right! Using USDC or specific stable tokens like U on the Binance Card significantly reduces conversion commission costs compared to other cryptocurrencies (such as BTC or ETH).
First transaction (with traditional USDT): A deducted amount of -12.14112902 USDT is observed to cover an order of 11.99 USD, applying the standard conversion rate and associated fees.
Second transaction (using U): A deduction of -12.0363076 U is recorded. By using U, the platform applies benefits such as a much lower or even zero conversion commission (0%) and reduced foreign exchange fees (Foreign Exchange Fee lowered or at 0%), which means you lose less balance due to the conversion.
How to set up and optimize your stablecoin use to save on fees:
Adjust the payment priority order: Go to your Binance Card settings and find the Payment Priority section.
Prioritize your low-cost stablecoins: Put first the options with the lowest conversion fees (such as USDC or the U token, depending on the options enabled in your region for the card).
Avoid volatile cryptocurrencies by default: Leave assets like Bitcoin or Ethereum at the end of the list, since their automatic liquidation conversion rate is usually higher (0.9%).
I see that with U, they don’t charge much commission
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