Lakala(SZ:300773) Xin Lang Cai Jing·2025-06-17 13:38Core Viewpoint - The surge in stablecoins is driving the rise of digital currency concept stocks, with significant increases in various markets as regulations are implemented in multiple regions [1][3][6]. Market Performance - The stablecoin index rose by 4.29% on June 17, following a 9.05% increase on June 16, while the digital currency index increased by 2.28% on June 17 after a 6.24% rise the previous day [2]. - In the A-share market, notable stock performances included Chuangshi Technology (300941.SZ) up 20.02%, Lakala (300773.SZ) up 16.16%, and Hengbao Co., Ltd. (002104.SZ) up 10.02% on June 17 [3]. - In the Hong Kong stock market, performance was mixed, with Okex Chain (1499.HK) up 0.42% and Lianlian Technology (2598.HK) down 2.75% [3]. - In the US stock market, SharpLink Gaming (SBET.O) surged by 45.60%, and Top Win International (SORA.O) rose by 22.91% as of June 16 [3]. Stablecoin Market Insights - Circle, the issuer of USDC, saw its stock price rise to $151.06, a nearly fourfold increase from its IPO price of $31, with a market capitalization exceeding $33 billion [4]. - The total market capitalization of stablecoins is estimated at $240 billion, with a trading volume exceeding $20 trillion last year [6]. Regulatory Developments - The Hong Kong Stablecoin Regulation will take effect on August 1, with expectations on how the capital market will respond to stablecoins [7]. - The Hong Kong government is processing license applications to facilitate business operations related to stablecoins, aiming to create new opportunities for the local economy [6]. Industry Trends - The stablecoin industry is expected to see significant growth in the issuance and usage scenarios, particularly in cross-border payments, where it can reduce costs and improve efficiency [9][10]. - Stablecoins can lower transaction costs by over 80% and reduce transaction times from days to minutes, making them suitable for small and medium enterprises [10]. - The decentralized nature of stablecoins enhances financial inclusion, allowing users without traditional bank accounts to participate in the financial system [11]. Corporate Actions - Lakala is planning an H-share listing to accelerate the application of digital currency in cross-border scenarios [15]. - Stripe has made strategic acquisitions to integrate stablecoin functionalities into its payment services, indicating a trend towards vertical integration in the payment industry [14].