Group 1: Market Overview - The stablecoin market has surpassed a trading space of 100 trillion yuan, indicating its potential as a focal point for global financial power [1] - The global stablecoin market capitalization has exceeded 250 billion dollars, with a significant increase of 40 billion dollars since the end of 2024 [1] Group 2: Regulatory Developments - Hong Kong is set to implement the "Stablecoin Regulation" on August 1, marking the first comprehensive regulatory framework for fiat stablecoins in the Asia-Pacific region [1] Group 3: Company Opportunities - Hopu Co., as a pioneer in blockchain technology, has collaborated with Ant Group on significant projects, including a 200 million yuan tokenized financing for solar power plants [3] - GCL-Poly Energy has partnered with Ant Group to issue the first domestic solar RWA, showcasing the integration of blockchain technology in the energy sector [3] - A potential giant in the blockchain smart device field holds the only international certification in China, creating a high technical barrier and facilitating energy transactions through innovative stablecoin settlement methods [3][4] Group 4: Valuation Insights - The company's on-chain photovoltaic assets are nine times that of GCL-Poly Energy, yet its stock price is only 6 yuan, indicating a significant undervaluation of its market value [4]

Core Viewpoint - The stablecoin sector is gaining significant attention, with Ant Group officially submitting its application for a stablecoin license in Hong Kong, which could reshape the crypto finance landscape [1] Regulatory Environment - The U.S. Senate is accelerating the advancement of the "Stablecoin Act of 2025," aiming to incorporate stablecoins into the federal regulatory framework [2] - In Hong Kong, the Legislative Council has swiftly passed the "Stablecoin Regulation Draft," establishing a licensing system and market norms, marking a new phase of compliance in digital currency development [4] Ant Group's Position - Ant Group is positioned as a leading player in this wave of policy benefits, having officially initiated the stablecoin license application process and successfully completed the regulatory sandbox testing in Hong Kong [5] - Ant Group has designated Hong Kong as its global headquarters for Ant Financial, fully committing to the stablecoin sector [6] Market Growth and Predictions - The global stablecoin market is expanding rapidly, with a total market capitalization exceeding $250 billion as of May 31, reflecting a surge of $40 billion since the end of 2024 [6] - Deutsche Bank predicts that the stablecoin market will surpass $250 billion by 2025, while Citibank is more optimistic, forecasting a market size of $3.7 trillion by 2030 [6] Related Companies - Three companies are closely linked to Ant Group's stablecoin strategy: - GCL-Poly Energy, which has partnered with Ant Financial to establish "Ant Xinneng" and successfully issued China's first photovoltaic RWA, is expected to explore new growth opportunities in the energy sector [7][8] - Longxin Group, in which Ant Group holds an 11.23% stake, is collaborating in digital payment and blockchain sectors, likely benefiting from Ant's expanding ecosystem [6] - A third unnamed company, a hidden champion in the stablecoin terminal field, has strategic cooperation with China Construction Bank and has seen a remarkable 8829% year-on-year increase in net profit excluding non-recurring items in Q1 2025, attracting significant institutional interest [6]