港股加密货币概念股逆势飙涨。 2月20日，港股迎来农历马年第一个交易日，主要指数呈现震荡调整态势，加密货币概念股逆势大涨， 星太链集团一度暴涨100%，连连数字一度大涨超5%，OSL集团一度大涨超2%。前一交易日，相关概念 股均集体大涨。消息面上，香港立法会议员吴杰庄透露，香港预计将于今年3月发放首批稳定币发行人 牌照。 有券商机构认为，当前行业正处于政策加速与合规体系搭建的关键期，监管试点与立法进程加快或将推 动稳定币从灰色地带迈向制度化发展，未来有望在应用广度和深度上不断延伸。 突然飙涨 2月20日，港股开盘后，加密货币概念股全线大涨，星太链集团一度暴涨100%，截至券商中国记者发 稿，涨幅仍超79%。 前一交易日（2月16日），港股加密货币概念股集体走强，截至当日收盘，星太链集团大涨超77%、国 富量子大涨超21%、迷策略涨超10%。 消息面上，香港立法会议员吴杰庄表示，香港预计将于今年3月发放首批稳定币发行人牌照，建议在牌 照发放后以"稳定币空投/消费券"方式向合资格市民发放，用于本地中小企消费（如餐饮、娱乐等）， 以推动采用并带动经济，相关行政费用可由获牌公司承担。 香港特区行政长官李家超此前在Co ...

Group 1 - The recent surge in stablecoin-related stocks in both A-shares and Hong Kong stocks indicates a strong market interest, with notable performances from companies like Jinshi Technology and China San San Media [1][2] - The legislative progress in Hong Kong and the U.S. regarding stablecoin regulations is expected to provide clearer guidelines and promote the development of the stablecoin industry [1][4] - Major financial centers worldwide, including the U.S., EU, and South Korea, are establishing regulatory frameworks for digital currencies, which is likely to enhance market sentiment and facilitate institutional involvement [2][3] Group 2 - Internet giants and traditional financial institutions are rapidly positioning themselves in the stablecoin market, recognizing its potential as a multi-trillion-dollar opportunity [2][3] - Companies like Ant Group and JD.com are actively seeking stablecoin licenses in Hong Kong, indicating a competitive landscape for stablecoin issuance [3] - The global stablecoin market is projected to exceed $3.7 trillion by 2026, driven by cross-border payments and the tokenization of real-world assets [4] Group 3 - The total market size of cryptocurrency stablecoins has surpassed $250 billion, with trading volumes exceeding $20 trillion last year, reflecting the growing demand for stablecoins in the digital asset market [5]

Core Viewpoint - The recent surge in research on stablecoins by brokerage firms indicates a growing interest in the potential for stablecoins to achieve compliant development and expand their applications in the financial sector [1][2][3]. Group 1: Research and Analysis - At least 16 brokerage firms published 24 research reports on stablecoins in the past week, covering various industries such as macroeconomics, computer science, media, finance, and blockchain [3]. - The frequency of roadshows and conference calls focused on stablecoins has increased, with over 30 calls held in the last two weeks, discussing policy interpretations, industry chain analysis, and investment strategies [4]. - Analysts from East Wu Securities emphasize that stablecoins, as a type of cryptocurrency, are linked to specific stable assets to maintain value stability, enhancing payment efficiency and asset liquidity [5]. Group 2: Market Performance - Several A-share stablecoin concept stocks have shown significant price increases since June, with Hengbao Co., Ltd. rising approximately 66%, Chutianlong up 65%, and Sifang Jingchuang increasing about 60% as of June 20 [7]. - Institutions have been actively researching multiple stablecoin concept stocks, focusing on the development prospects of stablecoins and the relevant technologies and application scenarios of listed companies [8]. Group 3: Regulatory Developments - Recent regulatory frameworks in the U.S. and Hong Kong signify a formal acceptance of stablecoins, opening new investment opportunities [12][13]. - The Hong Kong Legislative Council passed the "Stablecoin Ordinance," establishing a licensing system for fiat-backed stablecoin issuers, which is expected to enhance financial stability and promote innovation [12]. - The U.S. Senate passed the "GENIUS Act," creating the first federal regulatory framework for dollar-pegged stablecoins, marking a significant step towards legal oversight of the crypto asset industry [13]. Group 4: Corporate Initiatives - Major internet companies like Alibaba and JD.com are entering the stablecoin space, with Ant International accelerating investments in global financial management and JD.com testing compliant stablecoins in Hong Kong [14][15]. - JD.com's stablecoin is set to be applied in cross-border trade, emphasizing compliance, security, and auditability to meet real payment needs across Asia-Pacific, the Middle East, and Africa [15]. Group 5: Industry Trends - The People's Bank of China has acknowledged the growth of stablecoins and central bank digital currencies, highlighting their potential to streamline cross-border payment processes while posing regulatory challenges [16].