According to BlockBeats news on June 26, as reported by Securities Times, on June 25, stablecoin concept stocks continued to surge. By the end of trading, Jingbeifang (002987.SZ), Cuiwei Co. (603123.SH), and Hailian Jinhui (002537.SZ) reached their daily limit, with Hailian Jinhui having hit the limit for three consecutive days.
The day before yesterday, Dongxin Heping (002017.SZ) and Hailian Jinhui (002537.SZ) reached their daily limits. Jincai Huli (002530.SZ) hit its daily limit in the morning session and rose 6.46% throughout the day. On the 23rd, Sifang Jingchuang (300468.SZ) surged to its daily limit with a 20CM increase, bringing its monthly increase to 82%. Additionally, Chutianlong (003040.SZ) saw a monthly rise of over 67%. Several concept stocks, including Youbuxun (300531.SZ), Lakala (300773.SZ), Huafeng Chaoxian (300180.SZ), Advanced Shuton (300541.SZ), Digital Certification (300579.SZ), and Jingbeifang (002987.SZ), have recorded significant increases.
In this regard, Wang Pengbo, Chief Analyst of the Financial Industry at BOCOM International, stated, 'Although stablecoins show certain advantages in specific areas such as cross-border payments, this does not mean that stablecoins can replace the existing payment system. Stablecoins are more like a supplement within the vast landscape of the current payment system.' Furthermore, from the perspective of the current domestic market, stablecoins have no opportunity because market rates are already very low, the payment system is very sound and convenient, covering various small and frequent scenarios. Moreover, from a legal standpoint, the central bank has previously explicitly prohibited non-sovereign cryptocurrency payments.