A-share Stablecoin Concept Stocks Recently Experience a Surge, Experts Remind to Keep a Rational View

BlockBeats News, June 26th, according to Securities Times, on June 25th, concept stocks related to stablecoins continued to strengthen. As of the closing, Jingbeifang (002987.SZ), GreenChip Stock (603123.SH), Hailian Golden Union (002537.SZ) hit the limit up, with Hailian Golden Union hitting the limit up for three consecutive days.

The day before, Dongxinheping (002017.SZ) and Hailian Golden Union (002537.SZ) hit the limit up. Jincai Interconnection (002530.SZ) hit the limit up in the morning session and rose by 6.46% for the whole day. On the 23rd, Sifang Jingchuang (300468.SZ) 20CM hit the limit up, with a month-to-date increase of 82%. In addition, Chutianlong (003040.SZ) has a month-to-date increase of over 67%. Many other concept stocks such as Ubix Network (300531.SZ), Lakala (300773.SZ), Huafeng Fiber (300180.SZ), Advanced Digicom (300541.SZ), Digital Certification (300579.SZ), and Jingbeifang (002987.SZ) have seen relatively high gains.

In response to this, Wang Pengbo, Chief Financial Analyst of Boton Consulting, stated, "Although stablecoins have demonstrated 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 existing payment system." Furthermore, from the current perspective of the mainland market, stablecoins do not have an opportunity because the market rates are already very low, the payment system is very sound and convenient, covering various types of small-value high-frequency scenarios. Moreover, from a legal perspective, the central bank has explicitly prohibited the use of non-sovereign cryptocurrency for payments.