Sou Hu Cai Jing·2025-06-26 12:53Core Viewpoint - The recent developments in the stablecoin sector, including regulatory frameworks and market interest, have led to a surge in related stocks in the capital market, particularly in A-shares [1]. Group 1: Regulatory Developments - Circle, known as the "first stablecoin stock," was listed on the New York Stock Exchange on June 5 [1]. - The Hong Kong government announced that the "Stablecoin Regulation" will officially take effect on August 1, marking the establishment of a comprehensive regulatory framework for fiat stablecoins [1]. - Guotai Junan International, the first Chinese brokerage to obtain a stablecoin license, saw its stock price soar, positively impacting other brokerage stocks in A-shares [1]. Group 2: Market Opportunities - Stablecoins utilize blockchain technology to enable cross-border payments with "instant settlement and a 90% reduction in costs," addressing the pain points of traditional international remittances [1]. - The new regulatory framework in Hong Kong provides a clear and strict compliance environment, allowing businesses to explore stablecoin operations, particularly offshore RMB stablecoins, which help avoid domestic restrictions and promote RMB internationalization [1]. - Stablecoins are viewed as a key entry point for future digital finance, including supply chain finance and asset tokenization, enabling companies to seize new opportunities in the digital economy [1]. Group 3: Company Responses and Strategies - Companies like Changliang Technology are actively researching digital solutions related to stablecoins and exploring partnerships with institutions involved in stablecoin issuance and operation [2]. - Sifang Jingchuang has a strong technical foundation in blockchain and distributed ledger technology, positioning itself to support stablecoin issuers and market participants [3]. - Shen Zhou Information is focusing on the future prospects of stablecoins and is exploring their application scenarios based on its technological expertise in blockchain and cross-border payments [4]. - Companies such as Jingbei Fang and Yuxin Technology are leveraging their existing technology and partnerships to explore stablecoin applications in cross-border payments and digital currency systems [6][8].