参考互金与数币，稳定币行情当下在哪个阶段 20250709 摘要 稳定币行情尚处初期，参照互联网金融和数字货币的发展历程，具备时 间和空间上的增长潜力，但需关注标杆企业的出现以验证模式的可持续 性。 金融创新政策的放松是稳定币发展的核心驱动力，香港地区的政策优势 为港股相关企业带来机遇，预计港股将成为本轮稳定币行情的主要受益 者。 稳定币重塑跨境贸易支付体系及 RWA 等万亿级产业，拥有巨大的产业 基础和发展潜力，有望实现收入和利润的爆发式增长。 市场对稳定币的关注点集中在银行 IT 和卡业务公司，但支付场景、供应 链金融以及香港持牌方预计将成为后续明确放量的领域，目前炒作银行 IT 更多是情绪释放。 稳定币产业链包括发牌方、交易所和钱包，相关公司主要集中在香港， 发牌方如京东、ZARA 元币和蚂蚁，交易所如 OSL 集团，钱包如中安银 行和要财证券值得关注。 Q&A 当前稳定币行情处于哪个阶段？ 当前稳定币行情仍处于非常初级的阶段。从空间角度来看，目前由机构主导的 个股涨幅尚未达到 3 倍以上，而参考互联网金融和数字货币行情，互联网金融 曾出现由机构主导的个股涨幅达到 20 倍甚至 30 倍，数字货币也有个 ...

维多利亚，塞舌尔, July 10, 2025 (GLOBE NEWSWIRE) -- 领先的加密货币交易所和 Web3 公司 Bitget 已通过其 Onchain 平台引入对代币化股票的支持，此前该平台集成了 xStocks，将传统股票融入加密货币生态系统。 有赖于这项进展，加密货币用户能够通过区块链原生界面获得对顶级上市跨国公司的敞口，而无需依赖传统渠道。 代币化股票产品包括一系列热门巨头企业，例如 Tesla (TSLAx)、Nvidia (NVDAx)、Microstrategy (MSTRx)、SP500 (SPYx)、Circle (CRCLx) 和 Apple (AAPLx)。 这些由 xStocks 发行的资产，具有与现实世界资产的同等价值，现在用户可以通过 Bitget Onchain 直接访问和交易。 这种集成将传统金融与加密货币基础设施的功能融为一体，增强了长期受限于地理、监管和运营的市场的可及性。 Bitget Onchain 于 2025 年初面世，是中心化交易所用户体验与去中心化资产敞口的结合体。 有赖于此，用户可以直接从他们的 Bitget 现货帐户交易链上资产，无需单独的钱 ...

加密货币的热潮仍在持续，除了绝对的主角稳定币，市场焦点已从跨境支付拓展至RWA（现实世界资 产代币化）。 7月10日，比特币价格再创历史新高，首次突破11.2万美元。自今年年初以来，比特币已上涨近20%。 港股稳定币概念股也持续获资金踊跃追捧。因宣布将价值5亿港元的实体资产进行合规代币化，7月10 日，德林控股（01709.HK）最高涨超70%。 受访业内人士指出，港币稳定币发行一旦落地，能快速推动RWA代币化，前途不可限量。更有市场观 点认为，RWA代币化是香港打开万亿级实体资产的大门。 21世纪经济报道记者孙永乐 上海报道 风口上的RWA概念 虚拟资产表现依旧火热，加密货币及二级市场相关股票涨势惊人。 根据加密货币数据服务与分析公司Coin Metrics的数据，美国东部时间周三下午4点前，加密货币"老 大"比特币价格一度达到112052.24美元，超过了5月22日创下的111999美元的前高。 港股稳定币概念再受资金热捧。7月10日，德林控股最高涨超70%，截至收盘上涨18%，市值攀升至61 亿港元。情绪高涨的触发点，是德林控股宣布将价值5亿港元的实体资产进行合规代币化。 德林控股公告称，计划将价值5亿 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 据CoinDesk报道，英国加密货币用户自2026年1月1日起需向服务提供商提交包括全名、出生日期、地 址、居住国家及税务识别号等信息，否则可能面临最高300英镑（约合408美元）的罚款。英国税务及海 关总署（HMRC）表示，此举旨在将用户的加密资产活动与其税务记录关联，以便计算应缴税额。该规 定适用于所有被归类为加密服务提供商的企业，包括交易所、钱包应用、NFT市场及加密资产管理服 务。 1. 美SEC委员Hester Peirce声明：代币化证券仍属于证券范畴 据美国证券交易委员会（SEC）官网，SEC委员Hester Peirce针对证券代币化发表声明，强调区块链技 术虽带来证券发行与交易的新模式，但代币化证券仍属于证券范畴，需遵守联邦证券法。Peirce指出， 证券代币化可能由发行人直接进行（如企业将股份代币化），也可能由第三方托管机构通过代币化其持 有的证券或"证券权益"实现。后者可能使投资者面临独特的交易对手风险。她提醒市场参与者需根据具 体情况评估代币的法律性质——可能构成"证券收据"（本身即证券）或"证券类互换"（零售投资者不得 在场外交易）。 ...

Core Viewpoint - The market for stablecoin concept stocks remains active, with significant price increases observed in several Hong Kong-listed companies involved in the stablecoin sector [1] Group 1: Stock Performance - On July 10, Hong Kong's Puxing Energy saw its stock price surge over 280%, while Derlin Holdings experienced a rise of over 70% during early trading [1] - By the end of the trading day, Puxing Energy's gains narrowed to 141%, and Derlin Holdings' increased to 18% [1] - Other stablecoin-related stocks also performed well, with Yaocai Securities Financial rising nearly 26%, Guotai Junan International up over 10%, and Huaxing Capital Holdings increasing by over 9% [1] Group 2: Company Announcements - Puxing Energy announced it has subscribed to Series A preferred shares of HashKey Holdings, resulting in a stake of no more than 5%, although it stated that the acquisition would not have a significant impact on the company [1] - Derlin Holdings is in discussions with blockchain service provider Asseto for a project that aims to tokenize up to 500 million HKD in assets, including rights to Derlin Tower and three fund asset rights, with plans to distribute no more than 60 million HKD to shareholders [1] - Derlin Holdings claims this project could become Hong Kong's first licensed brokerage commercial property RWA tokenization project, exploring new models for shareholder governance and digital asset rights compliance [1] Group 3: Stablecoin Market Overview - The stablecoin market has a total issuance scale exceeding 250 billion USD, with over 250 types of stablecoins available [1] - The projected trading volume for stablecoins in 2024 is estimated at 27.6 trillion USD, surpassing the combined total of Visa and Mastercard [1] - More than two-thirds of cryptocurrency transactions are conducted using stablecoins, with international regulatory frameworks still evolving, particularly in the EU and Asia [1] Group 4: Industry Insights - The stablecoin industry includes players such as cryptocurrency exchanges, issuers, custodians, and infrastructure and technology providers [1] - Western Securities suggests that the expansion of stablecoin applications could lead to the construction of a global payment network, while tokenization may trigger a restructuring of the financial system, despite existing challenges [1] - CITIC Securities notes that the global regulatory framework for stablecoins is rapidly taking shape, with compliance becoming a core requirement [1] - Guotai Haitong Securities forecasts that the future scale of stablecoins could reach 3.5 trillion USD, based on various scenario analyses [1] - Huolong Securities believes that the expansion of stablecoin participants will accelerate global on-chain financial competition, highlighting the potential role of stablecoins as payment tools [1]

智通财经APP获悉，7月10日港股市场，北水成交净买入29.02亿港元，其中港股通(沪)成交净买入15.79 亿港元，港股通(深)成交净买入13.23亿港元。 北水净买入最多的个股是建设银行(00939)、阿里巴巴-W(09988)、美团-W(03690)。北水净卖出最多的 个股是腾讯(00700)、小米集团-W(01810)、融创中国(01918)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 国泰君安 ... HK 01788 | 52.10 乙 | 51.90亿 | 103.99亿 +1985.42万 | | 宜搜科技 | 28.40亿 | 28.44亿 | 56.84 乙 | | HK 02550 | | | -476.57万 | | 巨星传奇 | 25.32 乙 | | 50.05亿 24.73亿 +5889.94万 | | HK 06683 | | | | | 德林控股 | 19.51亿 | 16.29 乙 | 35.80亿 | | HK 01709 | | | +3.21 乙 | | 阿里巴巴-W | ...

Core Viewpoint - The recent surge in stock prices of several Hong Kong-listed companies is attributed to their involvement in the "stablecoin concept," indicating a growing interest and investment in digital assets and blockchain technology [1][2]. Group 1: Company Developments - Puxing Energy's stock price soared over 280% after announcing its subscription to Series A preferred shares issued by HashKey Holdings, a firm focused on blockchain technology and digital asset management [1][2]. - Derlin Holdings also experienced a significant price increase, with a rise of over 70% after announcing plans to tokenize assets valued at up to HKD 500 million [1][2][3]. - Puxing Energy now holds up to 5% equity in HashKey Holdings, which is recognized as a leading digital asset financial services group in Asia [2][3]. - Derlin Holdings is in discussions with blockchain service provider Asseto to advance a project that aims to tokenize real-world assets, potentially becoming Hong Kong's first commercial property tokenization project by a licensed broker [3]. Group 2: Market Trends and Projections - The stablecoin market has surpassed USD 250 billion in issuance, with over 250 types of stablecoins, and is projected to reach a transaction volume of USD 27.6 trillion by 2024, exceeding the combined transaction volume of Visa and Mastercard [4][5]. - The regulatory landscape for stablecoins is evolving, with significant legislative progress in the EU and Asia, indicating that compliance will be crucial for market participation [5]. - The future scale of stablecoins is anticipated to reach USD 3.5 trillion, driven by various use cases including crypto assets, cross-border payments, daily consumer payments, and traditional capital market tokenization [5][6].

经过深度剖析，我们发现以下三家公司与蚂蚁集团的稳定币布局高度契合，潜力巨大： 霍普股份：作为区块链技术创新的先锋，霍普股份参与了《可信区块链实体资产可信上链技术规范》的 编写，推动了实体资产RWA标准化的新进程。公司与蚂蚁链携手合作，在东南亚充电桩RWA项目中取 得显著成果，已在泰国、新加坡等地成功落地。 此外，霍普股份还与蚂蚁数科共同完成了2亿元光伏电站代币化融资，并合资成立"蚂蚁鑫能"，探索算 力资产的标准化拆分，为区块链与新能源的融合开辟了新的道路。 稳定币浪潮汹涌来袭！7月切勿错过这一金融革命！ 协鑫能科：协鑫能科与蚂蚁数科强强联合，共同成立了"蚂蚁鑫能"，并成功发行了国内首单光伏RWA （实体资产代币化），实现了区块链与新能源赛道的深度融合。公司在技术落地方面展现出卓越的能 力，为区块链技术在能源领域的应用树立了典范。 如果你还未对稳定币给予足够的重视，那么7月可能会让你错失一场金融盛宴，甚至可能成为市场主力 的"韭菜"。这绝非危言耸听！稳定币，作为中美等经济体竞相布局的新型金融领域，其市场交易空间已 突破100万亿美元大关，更有望成为未来全球金融话语权的争夺焦点。当前，国内外科技、互联网、电 商零 ...

Group 1 - The core viewpoint of the articles highlights the significance of the recently passed "GENIUS Act" in the U.S. Senate, which aims to establish a regulatory framework for stablecoins, potentially reshaping the global monetary system [1] - The U.S. government is positioning itself to maintain the dollar's dominance in the global economy through the introduction of stablecoins backed by U.S. Treasury securities [15][16] - The total global economic scale is projected to reach $110 trillion in 2024, with the U.S. and China being the largest economies, accounting for 25% and 16.6% of the global economy, respectively [5][6] Group 2 - In 2024, global trade is expected to total $65 trillion, with China and the U.S. having nearly equal trade volumes, each accounting for approximately 11% of global trade [6][7] - The global capital flow is projected to reach $250 trillion in 2024, with stablecoin transactions surpassing $27.6 trillion, indicating a significant role in the financial ecosystem [6][9] - The U.S. national debt has exceeded $36 trillion, with interest payments projected to surpass $1 trillion, raising concerns about fiscal sustainability [9][10] Group 3 - The U.S. Treasury's recent actions, including the repurchase of $10 billion in U.S. debt, reflect the urgency to manage national debt pressures [10][11] - The Federal Reserve's adjustments to regulatory policies, including changes to leverage ratios for banks, aim to enhance liquidity and support the financial system [11][12] - The proposed stablecoin regulations will require all issued stablecoins to be directly pegged to U.S. dollars or short-term Treasury securities, ensuring high liquidity and regulatory oversight [15][16] Group 4 - The emergence of stablecoins is seen as a response to technological advancements, particularly in blockchain, which allows for the tokenization of real-world assets [18][19] - The U.S. strategy emphasizes a centralized approach to stablecoin issuance, contrasting with the decentralized nature often associated with cryptocurrencies [19] - The regulatory framework for stablecoins is expected to challenge other nations, necessitating coordinated international policy responses [19]

港股德林控股盘初一度涨超70%，公司拟代币化整体价值最高为5亿港元资产，包括位于香港中环威灵 顿街92号"德林大厦"的若干权益。 ...