Foresight News reports that, according to the Securities Times, 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, the stock of Puxing Energy soared more than 280%. The company had earlier announced that it has subscribed to Series A preferred shares issued by HashKey Holdings, which focuses on investing in blockchain technology, global asset management of digital assets, and providing compliant over-the-counter trading services for digital assets. Another Hong Kong stock that experienced volatility is Derlin Holdings, which saw its stock rise more than 70% in the early session. The reason for the surge in the company's stock price is also related to digital currency. Derlin Holdings announced after trading yesterday that it plans to tokenize assets with a total value of up to HKD 500 million. However, industry insiders have warned that some stablecoin concept stocks have been overheated in short-term speculation and caution should be taken regarding the risk of a pullback.