Amid the frequent dynamics of various projects and trading products in the cryptocurrency market, stablecoin concept stocks in the A-share market have also shown A strong upward trend. According to Golden Finance, based on market data, on June 16th, A-share stablecoin concept stocks continued to rise, showing an impressive trend. Among them, Sifang Jingchuang performed particularly outstandingly, achieving a strong 20CM daily limit up and its stock price rose sharply, becoming the focus of the market on that day. Xinghui Entertainment also saw a rapid rise, with an increase of 15%, performing well among stablecoin concept stocks. Related concept stocks such as LAKALA, Xiongdi Technology, and Feitian Chengxin also followed suit and rose. Driven by the overall sector, their stock prices increased to varying degrees.
Previously, stablecoin concept stocks have repeatedly caused waves in the market. On the afternoon of June 16th, the stablecoin concept continued to strengthen. Hang Seng Electronic once hit the daily limit up, and Sifang Jingchuang rose by nearly 15%, reaching a new historical high. Earlier, on June 11th, stablecoin concept stocks strengthened during trading. Chutianlong rose sharply to the daily limit up, while Nantian Information and Xinbeiyang had also reached the daily limit up. Yingshisheng, Sifang Jingchuang, Yuanlong Yatu, and Guao Technology all rose by more than 5%. Xiongdi Technology, Changliang Technology, Feitian Chengxin, and Zhongke Jincai also followed suit.
Stablecoins, as a type of cryptocurrency that stabilizes its price by anchoring assets such as the US dollar or Hong Kong dollar or through algorithmic regulation, have developed rapidly worldwide in recent years. As of May 3, 2025, the global issuance scale of stablecoins has exceeded 240 billion US dollars. It makes up for the problem of large price fluctuations of traditional cryptocurrencies in the field of digital currencies, and combines the attributes of currency with the technical advantages of digital assets. With the Hong Kong Special Administrative Region Government gazetting the Stablecoin Ordinance on May 30, which came into effect on August 1, anyone who issues fiat stablecoins in Hong Kong must apply for a license. Ant Group’s international business unit and Ant Digital plan to apply for A stablecoin issuance license immediately after the Stablecoin Ordinance comes into effect in Hong Kong. This series of actions have injected new impetus into the development of the stablecoin industry and have also made stablecoin concept stocks in the A-share market highly regarded by investors. The continuous rise of A-share stablecoin concept stocks this time indicates that the sector is about to embrace A new round of development opportunities. The subsequent trend is worth close attention from all market participants.
Related Topics：
- The 40-fold shorted BTC giant whale cut its losses in the early hours of the morning, incurring a loss of 5.88 million US dollars
- U.S. investors’ buying has soared, and Bitcoin may embark on a healthy upward cycle
- Arthur Hayes: If the Bank of Japan delays balance sheet reduction and restarts some quantitative easing in June, risky assets may rise sharply
