Du Jun emphasizes corporate payment operations over stablecoin card issuance

Du Jun, founding partner at Vernal Capital, said the competitive edge in the stablecoin card business lies in operational capability supporting corporate recurring payments rather than card issuance volume, speaking in an investment interview about WasabiCard published on the 3rd. He said the business model "already works." The "U card" model links stablecoins held in wallets to card payments, appearing to users as a single card while the operator must handle settlement, accounting reconciliation, and anti-money-laundering and abnormal-transaction responses behind issuance and transaction approval. Cited corporate payment use cases include overseas payroll, advertising spend, supplier payments, and platform creator payouts. Why it matters: the comments signal investor focus shifting from consumer card issuance metrics to B2B payment infrastructure as the key differentiator in stablecoin cards. What to watch: WasabiCard's traction with corporate clients and how operators build compliance and settlement operations at scale.