Group 1 - Over 10 A-share listed companies have denied involvement in stablecoin concepts, including Chutianlong, Yuyin Co., Xiongdi Technology, Huijin Co., Tianmai Technology, Geling Shentong, and Xinghui Entertainment [1][3] - The recent legislative progress on stablecoins in the US and Hong Kong has sparked interest in the global stablecoin market, leading to a surge in related A-share companies being labeled as stablecoin concept stocks [1][3] - Companies like Yuyin Co. and Huijin Co. experienced significant stock price increases, with Yuyin Co. rising from 4.76 yuan to 8.84 yuan, a peak increase of 85% [3][4] Group 2 - Yuyin Co. stated it does not engage in stablecoin-related business, leading to a decline in stock price after an initial surge [3][4] - Chutianlong initially denied involvement in stablecoins but later indicated it has the capability to participate in stablecoin-related business in Hong Kong, resulting in consecutive stock price increases [5][6] - Some companies, like Zhongke Jincai, are actively exploring stablecoin business opportunities while maintaining compliance with regulations [6][7] Group 3 - The concept of stablecoins remains controversial, with ongoing debates about which companies can genuinely be classified as stablecoin concept stocks [2][8] - The Wind stablecoin concept index includes 17 A-share stocks, with a significant portion from the computer industry, while other indices focus on US and Hong Kong stocks [8][9] - Despite some companies experiencing net outflows, the Wind stablecoin concept index still saw a 2.32% increase on June 11 [10]