How to withdraw USDT without risk and transfer it back to Mainland China,

the most cost-effective way with the least “damage”/loss

Binance withdraws to fiat to banks such as ZhongAn, etc.

ZhongAn offers a 10% exchange voucher; on Xianyu they’re 5–7 RMB per card

At ZhongAn, convert USD/HKD into offshore RMB

Then transfer the offshore RMB via Quick Transfer (转数快) to Elephant, Ant

No use of a bank card—basically won’t be subject to regulation
Elephant → WeChat, 5 RMB per transfer; charge 30 RMB
Ant → Alipay/UnionPay, 5 RMB per transfer; charge 25 RMB

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