Changes in Hong Kong stocks | Stablecoins recently welcomed intensive catalytic consecutive numbers (02598), opened nearly 11% higher, and moved cards (09923) more than 9% higher

Zhitong Finance App learned that stablecoin concept stocks were generally high. As of press release, consecutive figures (02598) rose 10.73% to HK$11.56; card transfers (09923) rose 9.37% to HK$13.78; Zhongan Online (06060) rose 7.86% to HK$21.95; Lianyirong Technology-W (09959) rose 7.85% to HK$2.06; Huaxing Capital Holdings (01911) rose 6.84% to HK$4.22.

According to the news, the stablecoin concept stock Circle surged nearly 34% overnight, the biggest one-day increase since the IPO. The stock price approached $200 and reached a new high. The US Senate passed the stablecoin bill with 68 votes in favor and 30 against on Tuesday local time, establishing regulatory rules for cryptocurrencies linked to the US dollar. The bill will be submitted to the House of Representatives for review. Earlier, the Hong Kong Legislative Council passed the “Stablecoin Bill” on May 21, and the “Stablecoin Ordinance” officially became law on May 30, and implementation will begin on August 1. It is worth mentioning that on June 18, PBOC Governor Pan Gongsheng also mentioned stablecoins for the first time at the 2025 Lujiazui Forum.

CITIC Securities pointed out that with the implementation of regulatory policies around the world, the industry is expected to achieve compliance development. Looking ahead, the application layer is expected to continue to expand in breadth and depth to support stablecoin demand. Recommended attention: A stablecoin issuer that has clearly submitted an application and is approved with a high degree of certainty. Looking at application scenarios over a long period of time determines future space, focusing on relevant targets and industry participants that may form a closed loop of distribution and application ecology. Open Source Securities believes that giants are entering the market one after another, the prospects for stablecoin development can be expected, and it continues to be optimistic about investment opportunities in the stablecoin market.