The stablecoin market has been incredibly exciting lately. With the Hong Kong Stablecoin Ordinance officially taking effect on August 1st, global investors are focused on the sector. This sector, hailed as a potential game-changer for cross-border payments and reshaping the financial landscape, is on the verge of exploding. Investors with keen senses are already hunting for treasures in the A-share and Hong Kong stock markets, as the rise of the stablecoin concept is likely to give rise to a wave of "10x stocks." Today, I'll provide an in-depth analysis of promising stocks poised to ride this wave.
1. Smart Cards and the Vanguard of Digital Identity
Chu Tianlong (003040): The "Hidden Champion" of Smart Card Manufacturing
Chu Tianlong is a veteran in the industry, having been deeply involved in digital security and smart hardware since its founding in 2002. Chu Tianlong holds a staggering market share in social security cards, financial IC cards, and other common yet often overlooked "small cards" in our daily lives. The company was an early adopter of the digital RMB (DRM) movement, with its successful business in digital RMB hardware wallets and issuance and acceptance equipment. Once the Hong Kong stablecoin is launched, demand for secure and convenient smart cards for cross-border payments will inevitably surge. With its extensive technical expertise and vast client base (including major banks like ICBC, ABC, and China Construction Bank), Chu Tianlong is poised to become a pioneer in the hardware market for stablecoins.
GRG Banking (002152): The "National Team" of Fintech
As a state-controlled fintech giant, GRG Banking has held the top spot in the domestic intelligent financial equipment market for 17 consecutive years. GRG Banking goes beyond simply selling ATMs. It has extensive experience in cutting-edge fields such as digital RMB system development and cross-border trade smart contracts. Its digital RMB ATMs even support two-way stablecoin exchange, paving the way for the widespread adoption of stablecoin cross-border payments. Backed by the Guangzhou State-owned Assets Supervision and Administration Commission and leveraging the vast resources of financial institutions, GRG Banking is undoubtedly one of the most influential players in the financial revolution driven by stablecoins.
Xiongdi Technology (300546): The "Security Guardian" of Digital Identity
In the field of identity recognition and management, Xiongdi Technology is a well-deserved global leader. Since its founding nearly 30 years ago, it has been involved in applications ranging from domestic public security and foreign affairs systems to security certification projects in over 60 countries. Cross-border stablecoin payments hinge on secure authentication and regulatory compliance of both parties. Xiongdi Technology's trusted digital identity technology creates an unbreakable "security lock" for stablecoin transactions, preventing risks such as money laundering and fraud. With the global adoption of stablecoins, the demand for digital identity security is growing exponentially, and Xiongdi Technology has enormous potential for growth.
Hengbao Co., Ltd. (002104): The "Guardian" of Hardware Security
Hengbao Co., Ltd. is a leading provider of digital RMB hardware security modules and a core supplier for the central bank's digital RMB pilot program. Just how advanced is its technology? Its independently developed quantum key distribution system enables stablecoin wallets to defend against quantum computing attacks, effectively providing a "quantum shield" for digital currencies. Hengbao's proud products include the world's first visual hardware wallet and a 5G Super SIM card supporting wireless payments. Hengbao's participation in the Hong Kong Monetary Authority's Digital Currency Bridge project has already secured a significant foothold in cross-border stablecoin clearing. With the surge in demand for stablecoin hardware, Hengbao is poised to reap significant benefits.
2. The “Super Engine” of Cross-Border Payments
New Capital (300130): A technology expert in electronic payments
Xin Guodu has dedicated itself to electronic payment technology services for many years, accumulating a deep technical foundation. Its payment terminals are widely used in various consumer scenarios, from small businesses on the streets of China to cross-border e-commerce transactions. In the face of the surge in stablecoin cross-border payments, Xin Guodu leverages its deep understanding of payment scenarios and existing technical architecture to rapidly adapt to stablecoin payment interfaces, reducing cross-border transaction costs and improving payment efficiency. With the booming global cross-border e-commerce market, stablecoin payments have become a necessity, and Xin Guodu is poised to capitalize on this payment revolution.
Sifang Jingchuang (300468): A Pioneer in Blockchain + Cross-border Payments
Having participated extensively in the Hong Kong Monetary Authority's Project Ensemble sandbox testing, Sifang Jingchuang is a true pioneer in cross-border payment technology. As the sole A-share listed technology service provider for the multilateral central bank digital currency bridge (mBridge), it has achieved lightning-fast cross-border transaction settlements of 5 seconds. Its collaboration with JD.com to validate the application of stablecoins in cross-border B2B payments has further advanced its adoption of stablecoins in cross-border payment scenarios. Its FINNOSafe Web3.0 platform complies with Hong Kong's Stablecoin Ordinance and is likely to become the preferred technology solution for numerous stablecoin issuers and trading platforms in the future.
Yusys Technologies (300674): The "Smart Brain" of Banking IT
Yusys Technologies has long been engaged in banking IT system services and is a key partner for major banks in their digital transformation efforts. Cross-border stablecoin payments involve complex interbank clearing and settlement processes, requiring robust IT systems. Leveraging its deep understanding of banks' core business systems and years of accumulated technical development capabilities, Yusys Technologies can customize specialized stablecoin cross-border payment solutions for banks, seamlessly integrating them with existing business systems to ensure secure and efficient transactions. With the increasing penetration of stablecoins in banking operations, Yusys Technologies is poised for new growth.
Beijing North (002987): An all-rounder in financial outsourcing
Beijing North is a strong provider of financial business process outsourcing services, covering multiple financial sectors, including banking, insurance, and securities. The development of cross-border stablecoin payments will require significant procedural work, including data processing and transaction review. Leveraging its large-scale, professional service team, Beijing North can provide financial institutions with efficient and low-cost outsourcing services, helping them quickly adapt to cross-border stablecoin payments and improve operational efficiency. Beijing North is poised to participate deeply in the financial transformation driven by stablecoins through outsourcing services, ultimately achieving business expansion.
Kelan Software (300663): An Innovator in Cross-Border Payments
Kelan Software has long established a presence in cross-border payments and interconnected finance, actively embracing cutting-edge technologies such as big models. Its cross-border payment solutions enable real-time settlement of multiple currencies, a natural fit for the cross-border payment needs of stablecoins. Leveraging big model technology, Kelan Software can provide value-added services such as intelligent risk control and transaction forecasting for stablecoin transactions, enhancing transaction security and user experience. With the booming stablecoin market, Kelan Software, leveraging its technological innovation, is poised to stand out in the cross-border payment market.
3. The “Solid Shield” of Security Certification
Dianke Network Security (002268): The "National Team" of Cybersecurity
As a "national team" in the cybersecurity field, Dianke Network Security shoulders the heavy responsibility of safeguarding national information security. Stablecoin transactions involve significant capital flows and sensitive user information, placing extremely high security requirements. Dianke Network Security, with its cutting-edge cryptographic technology and cybersecurity protection systems, can provide comprehensive security protection for stablecoin trading platforms, wallet providers, and others, preventing risks such as hacker attacks and data leaks. In the increasingly regulated stablecoin market, security and compliance are essential requirements. With its authoritative and technical strength, Dianke Network Security is poised to become an indispensable security pillar of the stablecoin ecosystem.
Digital Certification (300579): The “authoritative body” for electronic certification
Digital Certification specializes in electronic authentication services, providing identity authentication, electronic signatures, and other security services for various network applications. In cross-border stablecoin payments, the identity authentication of both parties and the legal validity of signed contracts are crucial. Digital Certification's electronic authentication services ensure that every step of a stablecoin transaction is legal, compliant, and tamper-proof, providing solid support for the establishment of a trust system for stablecoin transactions. As the stablecoin market expands, demand for electronic authentication services will also grow, and Digital Certification is expected to leverage this momentum to achieve business breakthroughs.
Jida Zhengyuan (003029): An "expert" in cryptography
Jida Zhengyuan has been deeply engaged in the application of cryptographic technology for many years and possesses a series of core patents. Its cryptographic products and solutions are widely used in key sectors such as finance and government. Cryptography is the cornerstone of stablecoin transaction security. Jida Zhengyuan's high-strength encryption algorithms and key management system provide end-to-end security for stablecoin storage and transaction transmission, preventing theft or tampering of transaction information. With the growing demand for stablecoin security, Jida Zhengyuan, with its professional cryptographic technology advantages, is expected to gain a significant position in the stablecoin security certification market.
Feitian Chengxin (300386): A reliable partner for identity authentication
Feitian Chengxin has long been dedicated to identity authentication solutions, with its products holding a leading market share in areas such as USB keys and OTP dynamic tokens. In the stablecoin ecosystem, user identity authentication is the first line of defense. Feitian Chengxin's identity authentication products provide stablecoin wallet users with convenient and secure login and transaction authentication, effectively preventing the risk of account theft. With the rapid growth of stablecoin users, demand for identity authentication products will continue to be strong. Feitian Chengxin is expected to establish a strong presence in the stablecoin identity authentication field with its mature product system and market channels.
4. Pioneers of Scenario Applications
Lakala (300773): A third-party payment giant
As a leading third-party payment provider in China, Lakala boasts a vast merchant network and diverse payment scenarios. Not only is it the only third-party payment institution in China connected to the CIPS system, but a large number of its POS terminals also support stablecoin QR code payments. Its collaboration with JD.com on cross-border payment services has given Lakala a head start in the cross-border application of stablecoins. As stablecoins penetrate the global payment market, Lakala can leverage its existing business advantages to rapidly promote stablecoin payments, achieving both growth in transaction volume and revenue.
Newland (000997): The "King" of POS Terminals
Newland is a leading POS terminal manufacturer. Its smart POS terminals are used by numerous merchants worldwide, with a significant portion of its revenue coming from overseas. Following the digital RMB pilot, Newland has seen a significant increase in orders for its payment devices, demonstrating its strong market adaptability. The rise of stablecoin payments presents new opportunities for Newland. Its smart POS terminals can easily support stablecoin multi-currency settlement through software upgrades, meeting the payment needs of cross-border merchants and consumers. Leveraging its extensive market access and product innovation capabilities, Newland is poised to maintain its leadership in the stablecoin payment terminal market.
Hailian Jinhui (002537): A cross-border payment and e-commerce integrator
UnionPay International holds a Hong Kong MSO license and is deeply involved in the central bank's digital currency bridge project. Its cross-border payment system has long been compatible with stablecoin interfaces. Cross-border payment revenue surged in the first quarter of 2025, with a growing share of stablecoin-related revenue. UnionPay International also collaborated with the Saudi Arabian Central Bank to establish a RMB-denominated crude oil settlement channel, demonstrating its active presence in the cross-border payment sector. UnionPay International also has a presence in cross-border e-commerce, where the use of stablecoins can effectively mitigate exchange rate risk and improve settlement efficiency. Leveraging the synergy between its cross-border payment and e-commerce businesses, UnionPay International is poised to forge a unique competitive advantage in the stablecoin application space.
Cuiwei Shares (603123): An "Explorer" of Digital Currency Scenario
Cuiwei Shares, through its wholly-owned subsidiary Haike Rongtong, is deeply involved in the development of the digital RMB acceptance system, accumulating extensive resources for payment scenarios. While it has not yet disclosed direct participation in the Hong Kong stablecoin issuance project, its payment terminal adaptation has already laid the foundation for stablecoin transactions. As a typical example of a traditional retailer transitioning to a dual-core "commerce + payment" business, Cuiwei Shares can leverage its advantages in offline retail scenarios to explore the application of stablecoins in consumer payments, providing an offline experience portal for the widespread adoption of stablecoins. This demonstrates its significant potential for expanding stablecoin usage scenarios.
The rise of the stablecoin market is a major shift in fintech. The 16 stocks listed above, spanning hardware manufacturing, technical services, security certification, and application scenarios, form the key pieces of the stablecoin ecosystem. Of course, investing is never easy. Regulatory details for stablecoins are still unclear, and some companies' performance figures are yet to materialize. However, risks and opportunities always coexist. In this market rife with uncertainty and potential, proactive planning and thorough research are crucial to capitalizing on the next wave of wealth. Follow me, I'll continue to delve deeper into the stablecoin market and provide you with the most cutting-edge and in-depth investment analysis. Let's "surf" the fintech wave together and seize new opportunities for wealth growth!
