In recent days, the stock prices of several listed companies in the Hong Kong stock market have surged due to their involvement in the 'stablecoin concept'. On July 10, during trading, Hong Kong stock Universal Energy briefly surged over 280%. The company announced earlier that it had subscribed to the Series A preferred shares issued by HashKey Holdings, which focuses on investment in blockchain technology, global asset management of digital assets, and providing compliant over-the-counter trading services for digital assets. Another stock experiencing unusual movement is Delin Holdings, which saw its stock rise over 70% in early trading. The reason for the stock price increase is also related to digital currency. Delin Holdings announced after trading yesterday that it plans to tokenize an overall value of up to HKD 500 million in assets. However, industry insiders have warned that some stablecoin concept stocks are experiencing excessive short-term speculation and cautioned about the risk of a pullback. (Securities Times)