LJZ(SH:600663) Xuan Gu Bao·2025-06-18 02:33Core Viewpoint - The recent developments in stablecoins and regulatory frameworks in both China and the U.S. are expected to significantly enhance the efficiency and reduce costs in cross-border payments, indicating a growing trend towards the adoption of blockchain technology in financial transactions [3][4][5]. Group 1: Market Performance - On June 18, various sectors including digital currency, cross-border payments, and blockchain showed resilience, with stocks like Xiexin Nengke and Shidai Publishing hitting their daily limits [1][2]. - Notable stock performances included Xiexin Nengke with a 10.02% increase, Shidai Publishing at 9.96%, and Chutianlong at 10% [2]. Group 2: Regulatory Developments - The People's Bank of China emphasized the role of blockchain and distributed ledger technologies in promoting the development of central bank digital currencies and stablecoins during the 2025 Lujiazui Forum [3]. - The U.S. Senate passed legislation to establish a regulatory framework for stablecoins, indicating a significant step towards formalizing the market [3][4]. Group 3: Industry Insights - Traditional cross-border payment systems are hindered by lengthy processing times and high costs, averaging over 6%, while stablecoins can facilitate direct peer-to-peer settlements, potentially reducing costs and processing times significantly [5]. - The introduction of the Hong Kong Stablecoin Ordinance is expected to enhance competition and promote the use of stablecoins, particularly in the context of the global financial landscape [5][6]. - The market for Real World Assets (RWA) is projected to reach $16 trillion by 2030, driven by the ongoing development of stablecoins and blockchain technology [6].