Recently, A-share stablecoin concept stocks have seen a surge, with experts reminding to view it rationally.

BlockBeats news, on June 26, according to the Securities Times website, on June 25, stablecoin concept stocks continued to make a strong push. By the close, Beijing North (002987.SZ), Cuiwei Co., Ltd. (603123.SH), and Hailian Jinhui (002537.SZ) hit the daily limit, among which Hailian Jinhui has recorded three consecutive daily limit ups. The day before, Dongxin He Ping (002017.SZ) and Hailian Jinhui (002537.SZ) also hit the daily limit. Jincai Hulian (002530.SZ) hit the daily limit in the morning session, rising 6.46% throughout the day. On the 23rd, Sifang Jingchuang (300468.SZ) hit a 20CM daily limit, with a monthly increase of 82%. Additionally, Chutian Long (003040.SZ) saw a monthly increase of over 67%. Several concept stocks, including Youbocun (300531.SZ), Lakala (300773.SZ), Huafeng Superfiber (300180.SZ), Advanced Shuotong (300541.SZ), Digital Verification (300579.SZ), and Beijing North (002987.SZ), also experienced significant rises. In this regard, Wang Pengbo, chief analyst of the financial industry at Botong Consulting, stated, “Although stablecoins show 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 current payment system.” Furthermore, from the perspective of the current mainland market, there is no opportunity for stablecoins, as market rates are already very low, and the payment system is very sound and convenient, covering all types of small and frequent scenarios. Moreover, from a legal standpoint, the Central Bank has previously explicitly prohibited non-sovereign Crypto Assets payments.